Arrested for tax evasion in the amount of 10 million manats

A well-known businessman accused of tax evasion in the amount of about 10 million manats has been detained in Baku, Oxu.Az reports. Entrepreneur Bahaddin Garakedayev, who led an organized group, opened about 40 fictitious companies in the name of one of its members for money laundering.

According to the investigation, 9,121,670.62 manats were not paid to the state budget.

A criminal case was initiated against B. Garakedayev and members of the group under Article 213.3 (forgery of state assay marks) of the Criminal Code of the Azerbaijan Republic. The accused were taken into custody.

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