State prosecutor demands 17 years of imprisonment for IBA ex-head in Baku

State prosecutor demands 17 years of imprisonment for IBA ex-head in Baku

Baku, Azerbaijan, July 29

Trend:

The Baku Grave Crimes Court continued the trial proceedings on the criminal case of the former head of the International Bank of Azerbaijan (IBA) Jahangir Hajiyev, his relative Ismayil Hidayatzade, ex-MP Dunyamin Khalilov, also Jamal Hasanov, Sarkhan Rasulov, Natig Imanov, Samir Hajiyev, Tabriz Abdulhamidov, Mahir Gafarov, Sadikh Murtuzayev, Tarlan Maharramov, Fakhraddin Heybatov, Ramin Ahmadov, Fariz Muradov, Salahaddin Gadirov, Erkhan Javad, Arif Ramazanov, Navai Shirinov, Svetlana Asadullayeva, Arif Madatov, Adil Mikailov and Ramiz Karimov, all accused of embezzlement, Trend reports.

The state prosecutor delivered speech at the trial chaired by Judge Faig Ganiyev.

The state prosecutor demanded 17 years of imprisonment for Jahangir Hajiyev, including the previous sentence, 15 years and 9 months for former MP Dunyamin Khalilov, also including the previous sentence.

The prosecutor demanded six years of imprisonment for Ismayil Hidayatzade, and conditional punishment for other defendants, whose names were used to open bank accounts, from which millions of manats were subsequently withdrawn - Jamal Hasanov, Sarkhan Rasulov, Natig Imanov, Samir Hajiyev, Tabriz Abdulhamidov, Mahir Gafarov, Sadikh Murtuzayev, Tarlan Maharramov, Fakhraddin Heybatov, Ramin Ahmadov, Fariz Muradov, Salahaddin Gadirov, Erkhan Javad, Arif Ramazanov, Navai Shirinov, Svetlana Asadullayeva, Arif Madatov, Adil Mikayilov and Ramiz Karimov.

The trial will continue.

According to official information, during investigations there were reasonable suspicions that contracts for the purchase and sale of promissory notes in the amount of $3.4 billion and 987 million euros were concluded with some legal entities in various countries and illegal transactions were carried out by using promissory notes in 2001-2015 upon Jahangir Hajiyev’s instructions, who was the chairman of the Board of the International Bank of Azerbaijan.

Moreover, there were reasonable suspicions that Khalilov, as well as other people, misappropriated 4.7 billion manats. Moreover, Hajiyev declined to pay taxes to the budget in the amount of 1,752,000 manats from the profit of Aztorg LLC, jointly led by Hajiyev and Khalilov in 2011-2014.

The Baku Grave Crimes Court previously sentenced Hajiyev to 15 years in prison, Dunyamin Khalilov to 13 years, and Ismayil Hidayatzade to 7 years in prison.

Khalilov’s sentence was reduced from 13 to 12 years and 9 months by a decision of the Baku Court of Appeals; Hidayatzade’s sentence was reduced to five years by the Supreme Court.

Kazakhstan and Uzbekistan sign MoU
Kazakhstan and Uzbekistan sign MoU
Lending to physical entities decreases in Kazakhstan
Lending to physical entities decreases in Kazakhstan
Kazakhstan’s Turkestan to export equipment, meat products to Uzbekistan
Kazakhstan’s Turkestan to export equipment, meat products to Uzbekistan
Loading Bars
Latest
Wix rival Elementor raises $15m
Azerbaijan's Atena LLC to introduce new dairy products in early 2020
Armenia violates ceasefire with Azerbaijan 26 times on Feb.26- Feb.27
EEAS: JCPOA commission participants reaffirm preserving Iran deal
Turkey reveals revenues from transport taxation, toll roads in January 2020
Iranian government issues statement regarding FATF decision
Azerbaijan's Innovation Center LLC opens tender to purchase IT services
South Korea reports 334 additional coronavirus cases, raising total to 1,595
Simulation game dedicated to Khojaly tragedy held at “Karabakh” Azerbaijani school in Switzerland (PHOTO)
Romania confirms first case of coronavirus: health minister
IMF, World Bank consider 'virtual' Spring Meetings as virus spreads
Trump tells Americans coronavirus risk is low, puts Pence in charge of U.S. response
Ambassador: Danish companies can share knowhow with Azerbaijan in sustainable energy
Brent prices below $52 per barrel (UPDATE)
Death toll from novel coronavirus outbreak in mainland China rises to 2,744
Gunman kills five, shoots himself at US brewery campus - police
First coronavirus case registered in Norway
Kazakhstan and Uzbekistan sign MoU
Qatar orders evacuation of its citizens and Kuwait's from Iran
Bahrain discovers seven new coronavirus cases, raising the number to 33
Turkish soldiers martyred in Idlib, northwest Syria
EU open to more spending in countries hit by coronavirus outbreak
North Macedonia confirms first case of coronavirus
Centers for Disease Control confirms number of coronavirus cases in US stands at 59
Iteca Caspian company talks impact of exhibitions on development of alternative energy
Russian Foreign Ministry warns citizens against visiting South Korea, Iran, Italy
Pakistan confirms first two cases of coronavirus, in travelers from Iran: minister
Azerbaijan, EU negotiating on new partnership agreement
First coronavirus case detected in Georgia
Apple to open first retail store in India next year, Tim Cook says
Brazil confirms first case of novel coronavirus
Coronavirus in Iran: 30 patients discharged from hospital in Qom after full recovery
TRACECA reviews plans, solutions for Azerbaijan section in 2020
Deputy FM: Armenian leadership’s apparent lack of genuine interest impedes Karabakh conflict resolution process (PHOTO)
National Iranian Oil Company working on exploration projects
Iranian Oil Terminals Company produces new equipment
ADB welcomes economic reforms of Georgian gov’t
Prices of some foodstuffs soar in Iran
Volumes of methanol transshipped via Turkish ports disclosed
Iran's Shazand Imam Khomeini Oil Refining Company opens tender to buy slide valve
Health Ministry: No coronavirus cases observed in Turkmenistan
Analyst: Economic policy pursued by presidents of Azerbaijan, Turkey makes countries strong
Gold price rises in Iran amidst Coronavirus outbreak
Azerbaijan's AzerGold company interested in attracting foreign investors
Expert: Georgia interested in Turkmen oil transportation
International Fund to assess political, legal development prospects of Uzbekistan
BP to leave three trade associations after detailed review of climate policies
IMF representative: Georgia achieves macroeconomic stability
Azerbaijani officials talk increase of prices on face masks
Georgia to create new protected areas
Azerbaijan reveals cattle import volumes
Lending to physical entities decreases in Kazakhstan
Georgia Capital PLC announces buyout of shareholder in Georgian renewable power company
Exports of Iran's Chaharmahal & Bakhtiari province down
Airlines KLM and Lufthansa to make budget cuts due to coronavirus
JCPOA: Chair's Statement following the meeting of the Joint Commission
UAE says ready for 'worst case' scenarios as coronavirus spreads in Middle East
Volume of cargo transshipped from France through Turkish ports revealed
Azerbaijan's companies strike deal to export hazelnuts to Italy
Trump will hold White House news conference on coronavirus on Wednesday
EU calls for coordinated European response to coronavirus
Cooperation between Uzbekistan, Kazakhstan reaches new level
Coronavirus infection cases confirmed in 18 Iranian provinces
Georgia reveals most promising agricultural products for export to Romania, Bulgaria
Chilling truth about Khojaly massacre through eyes of former captive
Heydar Aliyev International Airport - first airport in world that has fully switched to cloud technologies (PHOTO)
Turkish ministry reveals data on cargo transshipment by Libyan vessels via Turkey's ports
Iranian president rules out quarantine of cities with coronavirus outbreak
Ambassador: Israel stands shoulder to shoulder with Azerbaijani people
Azerbaijan's Anglo Asian Mining company to expand mining, exploration
Kazakhstan’s Turkestan to export equipment, meat products to Uzbekistan
Azerbaijan holds minute of silence to honor Khojaly genocide victims
Azerbaijan’s Agah Group construction company looking for more foreign partners
Russian newspaper: No arguments can justify mass killings of civilians in Khodjaly
Baku Higher Oil School hosts commemorative event dedicated to 28th anniversary of Khojaly genocide
PM: Georgia needs EU support to strengthen transport and communications
Uzbekistan increases export of textiles
Amount of cargo transshipped by Lebanese vessels via Turkish ports revealed
Iran's Pars Oil & Gas Company to buy pressure transmitter via tender
Amount of electricity generated from renewable energy sources in Azerbaijan disclosed
Volume of cargo transshipped from Georgia through Turkish ports disclosed
Average interest rate on loans increases in Uzbekistan
United Airports of Georgia and USAID to deepen relations in marketing, communications
Patients with symptoms of coronavirus placed in isolation in Infectious Diseases Hospital of Georgia
Azerbaijan Caspian Shipping Company talks on industrial waste reduction
President Ilham Aliyev: Turkey is country that provides Azerbaijan with biggest support on global scale
Baku Higher Oil School student shows highest results in Azerbaijan at entrance exam
President Ilham Aliyev: Azerbaijan to continue acquiring modern weaponry from Turkey
Turkey will not forget true culprits of Khojaly - ministry
Algeria not to suspend flights over coronavirus
Turkey sees increase of incoming tourists from Georgia
Iran’s export of steel products increase
Azerbaijani plant expands supply geography for aluminum products
Number of Iranian citizens visiting Turkey revealed
Demand for spare car parts in Azerbaijan increases
President Ilham Aliyev: Armenia’s unconstructive position is main obstacle to Karabakh conflict’s settlement
Trump, Modi hope talks lead to phase one of U.S.-India trade deal
Iran reveals planned funds for construction in West Azerbaijan province
Increased pensions to support Iran's low income families
Uzbekistan expands co-op with Russia's Novosibirsk region
All news