Criminal case initiated against a legal entity

The Lankaran regional prosecutor’s office conducted an investigation based on the material received that Ultra-LTD LLC does not transfer funds to accounts in authorized banks for goods exported by consignment, oxu.az reports.

During the investigation, it turned out that from May 8 to December 20, 2017, LLC, on the basis of sales contracts with various foreign companies and 13 customs declarations, exported refined lead. However, the amount to be transferred to the accounts of authorized banks – 635,000 dollars – as received as a result of foreign economic activity from abroad, was not returned.

On this fact, a criminal case was initiated in the district prosecutor’s office under article 208.2.1 (failure to return funds in foreign currency on a large scale from abroad) of the Criminal Code of the Republic of Azerbaijan, an investigation is underway.

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