Azerbaijani bank clarifies information published by Wikileaks
Azerbaijan, Baku, Nov. 30 / Trend /
Bank of Baku officially denies information published on 29 November 2010 by internet resource Wikileaks regarding its involvement in 'money laundering' activities.
The only true information published about Bank of Baku relates to the fact that Oromi family does indeed hold stake in Bank of Baku through Turkish registered holding "Nab Dıs Ticaret". Members of Oromi family are well known and respected businessmen in Azerbaijan and abroad. In Azerbaijan Oromi family is doing business from mid 90s and at the moment owns shares in number of successful trading and service ventures.
Bank of Baku also denies information that someone by the name "Jamsheed "Jushkar" Mahmudoglu" is a large shareholder of the bank. Bank of Baku officially states that this person has never owned any share of the bank. List of current shareholders of the bank is published on the official website:
http://www.bankofbaku.com/en/shareholders.html and also in the audit reports located at: http://www.bankofbaku.com/en/audit-reports.html
In addition, Bank of Baku has never been involved in any illegal money transfers or any other unlawful activities and person named "Adil Sharibiani" never been a client of our bank. Our clients include citizens of Azerbaijan, CIS, various European countries, USA, Iran and many other countries. All our client's transactions are performed in accordance with the laws of Azerbaijan Republic, regulations of the Central Bank of Azerbaijan Republic, with a special attention given to the processes against money laundering, legalization of illicitly gained funds and financing of terrorism.
In conclusion Bank of Baku expresses its gratitude to the authors of the publication for the high evaluation of our bank as one of the best professionally run banking organizations in the country.
In post scriptum we would like to bring to your attention that reliability of the publication is based on its sources. Due to the fact that the author acknowledges that his sources are unconfirmed, the presented information should be evaluated through the prism of questionability and inadequacy. Information based on rumor is a rumor itself.
Extract from the article:
"...According to widespread rumor...
...Please note that, while serious efforts have been made to cross-check the information below and ignore "indirect" claims, Iran watcher has no independent ability to verify these allegations...
...The information below should be interpreted in this context"