The Deposit Insurance Fund performing the function of liquidator of failed banks appealed to the General Directorate for Combating Corruption under the Prosecutor General's Office, the Fund said.
The reason for this was to identify the illegal activities of the leaders of several banks before revocation of the license.
The Fund revealed that in several cases money received from the sale of property of the bank's clients was not mainly directed to cover the credit debt. In addition, a large number of loans under false signatures were issued for people, which did not apply to the bank for any loan.
We note that in its report the Fund does not name a specific individual or a bank.
Recall that at the stage of liquidation are Royal Bank, Bank of Azerbaijan, Tekhnika Bank, Zamin Bank, Para Bank, Deka Bank, Credo Bank, Atra Bank, Qafqaz Inkisaf Bank, and Bank Standard. -----71D
Economics
-
The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
-
Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
-
Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
-
The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
Leave a review