Criminal cases instituted against six branches of the International bank of Azerbaijan

Prosecutor General’s Office has instituted criminal cases in respect of the six branches of the International bank of Azerbaijan. On 16 January 2016 the press-service of the International bank of Azerbaijan commented the situation around some branches of the bank in respect of which were initiated the criminal cases, haqqin.az reported. They are the bank branches located in Gazakh, Sheki, Shamkir, Agdash, Yevlakh and Garadag Districts.

According to the bank, just the bank itself has applied to the Main Directorate on combat to corruption at General Prosecutor with purpose to investigate an activity of these branches at once conducting audit inspection and detection numerous illegal actions of foregoing branches. It says that these branches grossly violated internal procedures of the bank and made losses to the Bank.

The employees made mentioned faults were removed from their duties and appropriate documents have been submitted to the Main Directorate on combat to corruption at General Prosecutor of Azerbaijan.

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