Baku, Azerbaijan, Nov. 19
By Samir Gulaliyev - Trend:
The period of detaining three more people has been extended in Azerbaijan. These individuals did not return the earlier taken loans to the International Bank of Azerbaijan (IBA). The term of arrest has been extended for three months.
They are the director of the branch of the International Bank of Azerbaijan in Dubai Adil Huseynov, director of City Developer LTD Ratmir Bekirov and chairman of the Supervisory Board of Azerinshaatservis Arif Hasanov, a source in the judiciary told Trend Nov. 19.
The arrest was extended for the head of "Azerbaycan Consaltinq Qrup" LTD Erhan Javad Yavuz. The term of arrest for 11 more suspects involved in the case will be expected soon.
These individuals are contained in the Baku detention facility No 1.
A criminal case was filed towards these individuals under Article 178.3.2 (fraud by causing great damage) of the Criminal Code.
A criminal case was filed towards the bank under article 178 (fraud) and other articles of the Criminal Code.
The former senior officers of the bank and entrepreneurs who have taken big loans in the International Bank of Azerbaijan and have not returned them were arrested.
Moreover, the former head of the bank Jahangir Hajiyev was involved in the investigation. Hajiyev has repeatedly given testimony.
Currently, ongoing investigative actions on the criminal case are being taken.