Bank Of Baku

Audit Committee: Zamin Bank office’s scam not related to bank assets

Audit Committee: Zamin Bank office’s scam not related to bank assets
# 25 September 2008 10:07 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. The funds embezzled by Vidadi Khudiyev, director of the Central Branch, is not related to the assets owned by Zamin Bank, said Namig Baghirov, chairman of the Audit Committee.
Vidadi Khudiyev was arrested for embezzlement.
He added that Vidadi Khudiyev was not employed by the bank since November 30, 2007.
“He abused the power to defraud citizens of money. The embezzlement is not related to the assets of the bank,” he added.
According to police, Vidadi Khudiyev defrauded Orkhan Shirinov, Serdar Garibov and others of AZN 100 000 by forging bank documents.
Investigation is under way.
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