The investigation revealed suspicions that Jahangir Hajiyev, who has worked as head of the International Bank of Azerbaijan from 2001 to 2015, created an organized group on preliminary arrangement with others, abused his official powers by opening bank accounts for himself, his family members and other persons and transferring large amounts of funds to those accounts, Hajiyev and others involved in the crime appropriated bank loans of 47,144,000 manats from bank’s branches, and caused 211,597,000 manats damage to the bank.
According to the statement, charges under relevant articles of the Criminal Code were announced against Jahangir Hajiyev and another seven people arrested on the case of the International Bank of Azerbaijan. In addition, another accused Zamir Hajiyeva has been arrested in absentia and declared wanted as she avoided the investigation.
The accused persons and their lawyers are currently reviewing the case materials, after which the criminal case will be sent to the court.
Separate proceeding was initiated as there are grounds for suspicions that more than 100 enterprises and companies established under the guise of implementing various projects in the country and some foreign countries, embezzled a large amount of money taken from the International Bank of Azerbaijan.
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