Chairman of the International Bank of Azerbaijan Jahangir Hajiyev appropriated and taken out hundreds of millions of dollars from the country

Ex-chairman of the International Bank of Azerbaijan Jahangir Hajiyev appropriated and took out hundreds of millions of dollars from the country.

According to Day.Az, this was said to Trend by the Prosecutor General’s Office on Tuesday.

On 19 July the criminal case of ex-Chairman of the Board of the International Bank of Azerbaijan Jahangir Hajiyev and others was sent for consideration to the Baku Court on Grave Crimes, and by the court verdict of October 14 Hajiyev on charges under the Articles 179.3.1, 179.3.2, 308.2, 309.2 and 313 was sentenced to imprisonment for 15 years, said Eldar Sultanov, a head of the press-service of the Prosecutor General’s Office.

It is continued expanded investigative and operational measures on a number of episodes on taken out from the country and appropriation of hundreds of millions by Jahangir Hajiyev.

According to Sultanov, for period work in the Board of International Bank of Azerbaijan from 27 March 2001 to 2 April 2015 Hajiyev created an organized group, abused his official post, squandered entrusted him property of others in a large scale, thereby committing an official forgery, and, being exceeded his official powers, caused a tangible damage to the rights and legitimate interests of the International Bank of Azerbaijan, and also protected by the law the interests of the state that has led to the grave consequences.   

Further Sultanov said that accusations that brought by Hajiyev concerning the fact that officials of the Ministry of Finance committed offences were groundless.

The head of press-service said that on some episodes concerning appropriation and assignment of the funds on the projects are continued expanded investigative and operational measures. These projects have not brought any benefits to the bank. However, Hajiyev and others through multiple-step transmission had transferred from the International Bank the hundreds of millions dollars to the legal entities that were set up by them under different names in some countries.

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