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AZN 1 400 000 corruption fact revealed in Azerbaijan

21 February 2013 13:45 (UTC +04:00)

Press service of the Prosecutor General’s Office told APA that the Anti-Corruption Department under Prosecutor General is continuing criminal investigation launched by the Ministry of Taxes against illegal actions of officials of “Royal Bank” OJSC.

It was revealed that head of Tovuz branch of “Royal Bank” OJSC Museyibov Adalet Nuraddin being at one with chairman of the Supervisory Board of the company Jam Ali Mohammad Hassan and others registered loans of different amounts on behalf of 3 residents of the region who applied to the branch for agricultural loans. They made the citizens sign payment documents and took AZN 400 000 from pay office without giving it to them.

The investigation also revealed that conspiring with chairman of the Supervisory Board of the company Ali Jam and the others, head of the OJSC Ganja branch Taghiyev Anar Galib applied to the branch in order to obtain credit in the names of different persons in amount of AZN 1,120,000. Then the documents were signed by the citizens, they gave AZN 67,000 of this money to those persons, totally AZN 1,053,000 was embezzled.

Adalat Museyibov and Anar Taghiyev faced charges under article 179.3.2 (embezzlement or misappropriation in large size) and were sentenced to pretrial detention.