Bank Technique addresses to The General Prosecutor’s Office by reason of past-due loans
Misappropriation of AZN 44.47 million by two persons has been exposed thanks to OJSC Bank Technique.
During 2008-2011 previous management of Bank Technique (at that time named "Texnika Bank") granted loans (total volume of 44.5 mln manats) to companies "Interalyans", "Transalyans" and "Qarant-Ko", promoted by Javidan Hajiyev and Rauf Kerimov. These loans were used inappropriately and payments have not been made on time. New management of Bank Technique researched these past-due loans and decided to turn to state authorities.
The General Prosecutor's Office informs that due to the collected materials of Bank Technique the Main Anti-Corruption Department, acting under the Prosecutor General of Azerbaijan, initiated criminal case against Javidan Hajiyev and Rauf Kerimov on Article 179.3.2 (embezzlement) and Article 308.2 (abuse of power). Detention as a preventive measure was chosen in respect of those persons.
Javidan Hajiyev, the founder of Interalyans LLC, is incriminated embezzlement of AZN 18.715 million from the bank through a group of false companies. Rauf Kerimov, founder and director of Meridian Company Ltd misappropriated AZN 25.756 million received as a loan from the bank.