IBA ex-chairman sentenced to 15 years in prison (UPDATE)
Baku, Azerbaijan, Oct. 14
By Samir Ali – Trend:
Baku Grave Crimes Court has sentenced Jahangir Hajiyev, chairman of the board of the International Bank of Azerbaijan (IBA), to 15 years in prison.
Under the court’s sentence, Hajiyev will have to pay 63 million manats in favor of the IBA.
Other participants of the process: Anar Sultanov has been sentenced to 7.5 years conditionally with 3 years of probation, Ilgar Abdullayev – to 6.5 years conditionally with 3 years of probation, Mammad Jahangirov – to 7.5 years conditionally with 3 years of probation, Kanan Orujov – to 7 years 23 days conditionally with 3 years of probation, Ibrahim Huseynov – to 8 years, Yusif Alakparov – to 8.5 years, Azad Javadov – to 10 years 11 months in prison.
Jahangir Hajiyev was arrested Dec. 5, 2015 in accordance with the decision of the Baku City Narimanov District Court. His arrest term has been extended three times.
Hajiyev and other seven people are charged under various articles of the Criminal Code, including misappropriation, abuse of office, causing huge damage by fraud, embezzlement through the abuse of office, and bribing.