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10:13 16 January
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Former chairman of Atrabank Board of Directors gets arrested


At the moment, the materials received from the Deposit Insurances Fund regarding the illegal actions of former Atrabank OJSC officials have been investigated at the Anti-Corruption Department under Prosecutor General.

 

Nabiyev Elmikhan Nabi oglu, former chairman of the Board of Directors of Atrabank, which is being liquidated, has arranged illegal loans in the total amount of AZN 6,705,600 under the name of his close acquaintances (Kristal LLC Director Heydarov Eldar Muslim oglu AZN 3.5 millon, Gunel-R Director Arazov Aghamirza Imammirza oglu USD 1 million, Bəyaz Director Garayzade Rashadat Hajagha oglu USD 1 million), in a bid to prevent the bank’s license from being annulled and to increase its charter capital, the Prosecutor General’s press service told APA.

 

Nabiyev is charged under Article 308.2 (abuse of official powers which has resulted in heavy consequences) and put in pretrial detention.

 

The investigation is ongoing. 

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