Main Department for Combating Corruption, acting under the Prosecutor General AR revealed numerous cases of embezzlement totaling 2.9615 million manat. And this is not the limit.
As stated in the General Prosecutor's Office, the National Entrepreneurship Support Fund (NESF) transferred funds to bankrupt JSC Debut Bank (owned by the MP from Kurdamir Farhad Garibov). The money was transferred to bank accounts in 2006-2008, when it was an authorized credit institution of NFES. Concession loans did not reach the destination - bank officials, abusing official position, took fake business plans and accounting documents of various businesses and individuals.
The guilt of the responsible bankers has been proved. The criminal case is under articles 179.3.2 (embezzlement on a large scale), 195.2 (illegal loan or use it for other purposes with big damage), 308.2 (abuse of power, resulting in grave consequences) and 313 (forgery).
The investigative activities are in progress, the General Prosecutor's Office reported. According to experts, it is not only the work of the bank employees, but it is a chain of financial and economic crimes with corruption component. Practice shows that in Azerbaijan the circle closes just on common performers. -17D-
Economics
-
Natural gas supplies from Azerbaijan to Bulgaria have been temporarily suspended due to technical reasons from January 6, 2025, Turan reports. Bulgarian «Bulgargaz» Energy Company has announced the suspension, noting that supplies are expected to resume on January 11, 2025.
-
In 2024, Azerbaijan welcomed 3.523 million passengers from 38 countries via air transportation, reflecting a significant 32.1% increase compared to the previous year. According to the State Tourism Agency, this also marks an expansion in reach, with visitors arriving from three additional countries, an 8.5% rise year-on-year.
-
As Azerbaijan sets an ambitious trajectory for economic growth in 2025, the country is poised to expand its investment portfolio and develop innovative financial instruments. These efforts aim to create a favorable environment for both domestic and international investors, while steering the economy away from oil dependency toward diversified and sustainable growth.
-
In 2025, Azerbaijan will celebrate a series of public holidays and mourning events combining cultural traditions, religious rituals and national commemorations. The calendar, approved by the Cabinet of Ministers, defines significant dates that will provide citizens with the opportunity to honor their heritage, reflect on history, and relax with family and friends.
Leave a review