Trial of the head of 35 companies

The first hearing of the case of Fagani Rahimov, the head of 35 companies accused of embezzling large sums of state funds, was held in the Baku Court of Grave Crimes under the chairmanship of Judge Rasim Sadykhov, oxu.az reports. The prosecutor read out the indictment, Rahimov partially admitted guilt. F. Rahimov’s lawyer filed a motion to replace the preventive measure in the form of arrest with an alternative to it. Discussion of the motion was postponed until the next hearing. The trial will continue on January 7, 2025.

According to the investigation, Rahimov, whose companies have repeatedly won tenders from various government agencies, embezzled large sums of money. He carried out most of the fraud through his company İnşaat-F.

In total, about 600,000 manats were transferred to Fagani Rahimov’s companies by state institutions. 62,000 manat of these funds were laundered in order to conceal their real source.

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