Theft of 35 million manat Accounting Chamber qualified as a minor violation of the financial
LLC Shirvan Regional Grid only for one season underpaid the state budget AZN 35 million ($ 44.64 million).
According to the report of the Accounting Chamber of Azerbaijan over the past year, the joint audit with the Ministry of Taxes revealed three major cases of embezzlement. In the first case the embezzlement was 4.7 million, in the second - 17 million, and in the third - 13.3 million manat .
The cause of the violations was in the absence of timely monitoring of financial discipline, the experts of the Accounting Chamber said. Tax evasion contributed to large accounts receivable, the delay in payments of taxes and concealment of the real profits of the enterprise.
Audit regarded it as minor financial irregularities (forgetfulness), obliging the managers in a short time to pay the debt to the state treasury. -17D-
Economics
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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