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Director of Kapital Bankâ€™s branch and Department Chief of National Deposit Center arrested

10 March 2009 12:34 (UTC +04:00)

The Department Combating Corruption found out that the leadership of the branch â€œAgroserviceâ€ provided information to the residents about selling of fertilizers during sowing and signed tens of contracts on selling of fertilizers in Agjabadi Region. They spread various rumours about not providing the region with fertilizers and swindling them proposed concrete amount of money instead of fertilizers not paying any debts in future.

Several residents hoped that they would not pay any debts in future and received their proposal. But official agreements cover their responsibilities on debt payment. The investigation also found out that Gasim Karimov, Chairman of the branch â€œAgroserviceâ€ misappropriated AZN 307260.78 selling fertilizers to separate persons from storehouse and railway stations at a wholesale price. Karimov faced charges under Articles 308.1 and 179.3.2 of the Criminal Code and he was held accountable.

The criminal case launched on the appeal received by Inter star international company on embezzlement of AZN 65,000 loan was investigated. The investigation found out that without getting relevant permission from the Loan Committee of the bank in order to embezzle AZN 65,000 of the money sent to the branch to ensure the bankâ€™s obligations before clients, director of Gobustan branch of Kapital Bank Parvin Kazimov prepared documents for giving AZN 65,000 loan to director of Inter star international company Arzu Mirzayev for 12 months showing nonresidential area worth AZN 245,000 as security. But the investigation found out that he had taken the money himself and appropriated other personâ€™s property. Parvin Kazimov faced charge under Article 179.3.2 and was held accountable.

As a result of the investigation carried out by the Department to Combat Corruption under Prosecutor General and State Committee for Securities, it was found out that from June, 2006 till February, 2009 department chief of National Deposit Center CSC Javanshir Hajiyev abused his power and appropriated 193 702 vouchers worth AZN 861.973,9 held in the treasury of the depositing department. Criminal case was launched on March 5, 2009. Javanshir Hajiyev faced charge under article 179.3.2 of the Criminal Code and was arrested.

The criminal cases are being investigated.