Supreme Court considers IBA ex-chairman’s appeal
The Supreme Court of Azerbaijan considered on Tuesday a cassation appeal filed by Jahangir Hajiyev, former chairman of the board of International Bank of Azerbaijan (IBA) and others arrested alongside him.
The court rejected the appeal.
On 14 October 2016, the Baku Court of Grave Crimes sentenced Jahangir Hajiyev to 15 years in prison. Under the verdict, Azad Javadov was sentenced to 10 years and 11 months in prison, Yusif Alakbarov to 7 years and 6 months, and Ibrahim Huseynov to 6 years and 5 months.
The former chairman of the board of IBA Jahangir Hajiyev, the former heads of the bank’s Central branch Anar Sultanov and Ilgar Abdullayev, the former director of Inter Security LLC Ibrahim Huseynov, the former head of the bank’s Central branch Yusif Alakbarov, the former head of the bank’s Transport Branch Kanan Orujov, the former head of the bank’s Narimanov Branch Mammad Jahangirov and the former director of the Baku hazelnut factory Azad Javadov, who are involved in the case, were arrested on charges under articles 179.3.1, 179.3.2 (embezzlement on a large scale by an organized group), 308.2 (abuse of power, resulting in grave consequences), 309.2 (abuse of power, resulting in grave crimes), 313 (official forgery), 228.1 and 228.4 (illegal storage and carrying of firearms).
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