Illegal foreign currency traders detained in Azerbaijan

February 17, 2016 as a result of joint investigation-operation measures by the State Security Service and General Prosecutor’s Office were detained two persons suspected on illegal currency exchange in Yasamal district of Baku, the State Security Service and General Prosecutor’s press services told APA.   

After an Azerbaijani citizen’s appeal on illegal trade of foreign currency violating the existing legislation the Anti-Corruption Department under the Prosecutor-General of the Republic of Azerbaijan checked the case.

Vasif Mammadov and Fariz Rustamov were detained while exchangingBaku city resident’s 10 000 USD  to 15 600 Azerbaijani manats in an apartment in Yasamal district of Baku. 

During the search conducted in the apartment, it was found and seized cash in local and foreign currency in the amount of 349,104 Azerbaijani manats, 537,026 US dollars, 313,695 euros, 26,440 pounds, in total 1,5 million Azerbaijani manats in foreign currencies of 19 countries as well as documents and objects that are important to the investigation.

Criminal case according to Article 192.2.2 of the Criminal Code (illegal business with extraction of income in the large size) was launched and preventive measure in the form of arrest was chosen about Vasif Mammadov. Fariz Rustamov has been put under house arrest .

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