Arrest term extended for 5 people involved in case of Azerbaijani International Bank

The terms of arrest have been extended for three months for another five people who haven’t repaid the loans earlier taken from the International Bank of Azerbaijan (IBA), a source in judiciary bodies told Trend Nov.20.

These detainees are former director of the Central branch of the International Bank of Azerbaijan Ilgar Abdullayev, former director of the bank’s Transport Branch Kanan Orujov, director general of Inter Security LLC dealing with the protection of IBA administrative buildings Ibrahim Huseynov, deputy director of Trek Invest JSC, founded by Azerinsaatservis LLC, Ali Alishov and director of ?nter Glass JSC Fariz Muradov.

Moreover, the term of arrest of another there people involved in this case was extended for three months Nov.19. They are the director of the Dubai branch of the International Bank of Azerbaijan Adil Huseynov, director of City Developer LLC Ratmir Bekirov and chairman of the Supervisory Board of Azerinsaatservis LLC Arif Hasanov.

The arrest was extended for the head of Azerbaijan Consulting Group LLC Erhan Javad Yavuz as well.

A criminal case has been initiated against each of them under the Article 178.3.2 (swindle by causing damage in large amount) of Azerbaijan’s Criminal Code.

Moreover, a criminal case has been initiated under the Article 178 (swindle) and other articles of the country’s Criminal Code in connection with the International Bank of Azerbaijan.

The bank’s former head Jahangir Hajiyev has also been involved in the investigation.

/By Trend/