OREANDA-NEWS. On 28 July 2009 was announced, that the Supreme Chamber of Control of Turkmenistan revealed the causes of significant reduction in the number of deals concluded at the State Commodity and Raw Materials Exchange of Turkmenistan (GTSBT). The chairman of the control chamber Orazmyrat Gurbannazarov reported on the results of the check-up at a government meeting.

According to him, "a number of significant shortcomings were identified in the GTSBT activities, including extremely unprofessional approach to business, poor personnel policies, and direct violations of the established procedures of the exchange."

As part of the meeting, General Prosecutor of Turkmenistan Chary Hodzhamyradov reported on "flagrant violations of law" revealed at the GTSBT, the State News Agency of Turkmenistan (TDH) said.

After listening to the reports, President Gurbanguly Berdimuhamedov noted that "as a result of irresponsible behavior of careless managers" the GTSBT can not perform its task relating to meeting the national interest and integration of Turkmenistan into the system of global economic relations. He noted that "chairman of the exchange Yagmyrgeldy Myratlyev bears personal, direct responsibility for all the irregularities", and released him from his post. The materials of the checkup will be transferred to the prosecutor's office "for further thorough investigation".

Myrat Berdimyradov, who previously worked as deputy chairman of the GTSBT, was appointed Acting Head of Commodity and Raw Materials Exchange.