Azerbaijan, Baku/ Trend , corr. K. Zarbaliyeva/ A preparatory court hearing on the case of the President of "Barmek-Azerbaycan", Hussein Arabul and other seven employees of the Holding he led has been held in the Azerbaijan Court for Serious Crimes.
Due to the fact that lawyers of two accused did not attend the court, the judicial sitting was postponed to March 27, 2007.
Notably, the President of the above-mentioned company, Mr. Arabul is accused of Articles of 179.3.2 of the Criminal Court of Azerbaijan Republic (misappropriation or dissipation), 308.2 (exceeding one's commissions), and 313 (service falsification). Based upon the above-mentioned accusations, the court has made a decision to him not to leave the place.
The investigation revealed that based upon the agreement signed between the Azerbaijan Economic Development Ministry and Turkey's "Barmek Holding", the right on management of the Baku Electric Power Distributing Company ("BakuElektrikShabaka" OJSC) would have been passed to the first one for the term of 25 years. According to the investment programme stipulated in the agreement, the Company was to invest $51 mln. within five years, but actually did nothing in this respect.
The investigation also disclosed that employees of "Barmek" LLC misappropriated the sum of AZN 9.143.940, which were collected from the consumers. The employees of the Limited Liability Company, its Vice-President, Omer Guner Ismayil, Director of the Technical Department, Vafa Aghayev, Acting Director of the Department for Technical Operations, Mahir Novruzov, former General manager, Chingiz Ibadov, and Chief of the Financial Department, Valekh Zeynalov, etc. are accused of Articles 179.3.2 and 313 of the Criminal Code of Azerbaijan Republic.