Accounts with millions of the MP Feyziev may be arrested in Great Britain

Baku/03.11.21/Turan: NCA (National Crime Agency) of Great Britain is preparing to arrest 15 million pounds (20.5 million dollars) in the bank accounts of the wife, son and nephew of the MP Javanshir Feyziyev. According to the agency, the  deputy laundered these funds through a money transfer system disclosed in 2017 by the Organized Crime and Corruption Reporting Project (OCCRP) back in 2017. An investigation by OCCRP found that two companies bearing the same name as a large Azerbaijani pharmaceutical company founded by Feyziyev received $ 138 million from an “Azerbaijani laundry”.

The NCA has not filed charges against Feyziev himself or his family members. However, in civil proceedings on Monday, an NCA lawyer provided detailed analysis supporting the agency's arguments that the money ended up in the UK through a money-laundering system operated from Azerbaijan.

The NCA claims the source of this money is "illegal" as it was smuggled out of Azerbaijan through several shell companies using fake documents to conceal its origin. “Corruption, theft, fraud and money laundering are likely explanations,” the agency says.

According to material posted by OCCRP (https://www.occrp.org/en/daily/15402-uk-aims-to-seize-15-million-from-family-of-azeri-politician) more than half of this money is in on the account of the deputy's wife - Parvana Feyzieva, slightly less - on the account of his son - Orkhan Javanshir.

They have invested some of the money in the UK investment visa program to ensure that they can live in the country. The smallest part of the sum, a little over a million pounds, is on the account of Feyziev's nephew Elman Javanshir. However, the case is not directed against Feyziev's household, but against himself. According to the NCA, "the funds to be confiscated mainly came from bank accounts under its control."

The Feyziev family categorically denies these accusations and considers them erroneous. In their opinion, the agency did not provide strong evidence that the funds were obtained from any source related to the criminal offense.

How can this scandalous disclosure end?

The chairman of the Party for Democracy and Welfare Gubad Ibadoglu answers these and other questions in the "Difficult Question" program.

According to him, the task of the NCA is, among other things, to combat economic crimes that transcend regional and international borders. Therefore, it can be assumed that this investigation will have a result.

“As we can see, there are already initial results of the investigation, which allow us to hope that the origin of the $ 138 million that entered the UK through the “Azerbaijani laundry” will be revealed,” Ibadoglu said.

The economist noted that investigations concerning the laundering of "dirty" money had been carried out earlier, and one of them was connected with the wife of the chairman of the International Bank of Azerbaijan. “This case was brought to trial and I believe that the case related to Deputy Feyziyev also has a judicial perspective.

Another investigation concerned Ilham Aliyev's niece, Jalal Aliyev's daughter Mikaela and her mother Izzet-khanum. This case ended with the confiscation of funds,” Ibadoglu said, adding that this is not the first and not the last case related to Azerbaijan and that the NCA continues investigations.—0—