Pretrial detention extended of some participants on case of the IBA

Pretrial detention has been extended of some of those who were detained on the case of the International Bank of Azerbaijan, lawyer told APA.

According to him, the extension of pretrial detention for other accused persons will be considered in the coming days. The process was already launched on 18 November 2015.

A criminal case has been launched on the International Bank of Azerbaijan under the Article#178 (fraud) and other articles of the Criminal Code.

IBA former senior officials and businessmen, who failed to pay a large amount of credit debts to the bank, – former director of IBA Central Branch Ilgar Abdullayev, former director of IBA transport branch Kenan Orujov, Director General of “Inter Security” LLC dealing with the protection of IBA administrative buildings Ibrahim Huseynov, Chairman of the Supervisory Board of “Azerinsaatservis” LLC Arif Hasanov, acting director of “Trek Invest” JSC, founded by “Azerinsaatservis”, Ali Alishov and “Inter Glass” OJSC director Fariz Muradov are among detainees.

Moreover, the former head of the Bank Jahangir Hajiyev was also prosecuted. He gave testimony on the case a few times.

Investigation is underway on the criminal case.

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