The prosecutor announced the indictment in the hearing presided over by judge Azad Majidov, APA reported.
According to the indictment, defendant Huseynov pleaded guilty.
Aggrieved persons testified in the hearing that loans were taken in their names without their knowledge.
The trial will continue on June 21.
According to the indictment, Huseynov abusing his official position while working as senior specialist of Garadagh branch of the International Bank of Azerbaijan OJSC from 2012 until August 28, 2015, persuaded some individuals to take loans and gave false promise to them that he will pay principal and interests debts himself. He took loans in the name of Samra Mammadova, Gumru Huseynova, Azan Aziziov, Aydin Gachayev, Elchin Gahramanov, Mehdi Javani, Elduz Rzayev and Gazanfar Isgandarov.
He faces charges under Article 178.3.2 (swindle with causing damage in the large size) of the Criminal Code.