Entrepreneur who failed to return 86 million manat to the budget arrested

The Prosecutor General’s Office of Azerbaijan continues to expose individuals and companies that fail to return large amounts of foreign currency earnings from the export of agricultural products to the country. As reported by oxu.az , this was reported by the press service of the supervisory agency.

According to the State Customs Committee, criminal cases have been initiated against a number of business entities that export various types of products to foreign countries and do not repatriate foreign currency to Azerbaijan, and a preliminary investigation is underway.

The investigation has reasonable suspicions that legal entities registered in Azerbaijan entered into contracts with foreign companies at various times for the purchase and sale of agricultural products, and the large incomes received as a result of this activity were not returned to authorized bank accounts in the country. In this regard, a number of individuals have been brought to criminal responsibility.

Thus, in a criminal case investigated by the Sumgayit City Prosecutor’s Office under Articles 208.2.1 (failure to return large amounts of foreign currency from abroad) and 213.3 (tax evasion on an especially large scale) of the Criminal Code of the Republic of Azerbaijan, it was established that Qala Meyvə-Tərəvəz İxracat İdxalat LLC failed to return to Azerbaijan over 51 million dollars (more than 86 million manats at the exchange rate of the relevant period) received from the export of goods on a consignment basis.

Ilham Abbasov was brought in as an accused in the case, and, at the request of the investigator and the submission of the prosecutor exercising procedural guidance of the preliminary investigation, a preventive measure in the form of arrest was chosen by the decision of the Sumgayit City Court.

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