55 (As amended by Laws of 20.08.1999 and 29.08.2001.) Article 178. Concealment of Foreign Currency Intentional concealment of foreign currency, which is subject to transmittance to the bank accounts in the authorized banks of the Republic of Uzbekistan, by the persons executing foreign currency transactions at enterprises, institutions, or organizations – shall be punished with fine from seventy-five to one hundred minimum monthly wages, or deprivation of certain right from three to five years, or imprisonment up to five years. (As amended by Laws of 15.04.1999 and 29.08.2001.) The same act committed: а) from mercenary motives; b) repeatedly; c) by previous concert by a group of individuals – shall be punished with imprisonment from five to eight years. The same act committed by an organized group or in its interests – shall be punished with imprisonment from eight to twelve years. Article 179. False Entrepreneurship False entrepreneurship, that is, establishment of enterprises and other entrepreneurship organizations, without intent to perform statutory activity, and with the purpose of obtaining loans, credits, exemption (levying) of profit (income) from taxes or other pecuniary benefit – shall be punished with fine from one hundred to two hundred of minimum monthly wages, or deprivation of certain right up to five years, or correctional labor up to three years, or imprisonment up to three years. (As amended by Law of 29.08.2001.) Article 180. False Bankruptcy False bankruptcy, that is, knowingly inconsistent with reality announcement of economic inability to meet obligations taken before creditors by an entity performing economic activity, which caused large damage to the creditors – shall be punished with fine from one hundred to two hundred minimum monthly wages, or deprivation of certain right up to five years, or correctional labor up to three years, or imprisonment up to three years. (As amended by Law of 29.08.2001.) In the instance of treble compensation for the pecuniary damage, penalty of imprisonment shall not be applied. (As amended by Law of 20.08.1999.) Article 181. Concealment of Bankruptcy Knowingly concealment of its insolvency by an entity performing economic activity by presentation of information and documents inconsistent with the real situation, distorted accountancy reporting or other hiding of its economic insolvency, which caused large damage to creditors –

Select target paragraph3