Prosecution of Borrowers of IBA Illegal - lawyer

The charges against those arrested on charges of loans to International Bank of Azerbaijan have no legal basis. Such an opinion in an interview with radio station Voice of America ​​and Turan was expressed by lawyer Kamandar Nasibov, protecting the interests of the CEO AzMeCo Nizami Piriyev and IBA representative in Dubai Adil Huseynov.

Piriyev has been currently released on bail, but Huseynov was transferred to the Baku prison. Before that for 10 days he was held in the Main Directorate for Combating Organized Crime (GUBOP) MIA, though there he legally could not be held more than 48 hours.

Huseynov recently underwent surgery in prison and he is in hard conditions in GUBOP.

According to Huseynov himself, he was demanded to return the money - 319 million dollars. However, he did not receive the money. The funds were transferred from one account to another for the construction of a textile factory in Dubai, the purchase of equipment, salaries and other expenses.

"Return of the money is not real, because it is invested in businesses that work.

Businesses can be sold only by their owners and Huseynov is not an owner," said the lawyer.

When asked who the owners are, the lawyer referring to Adil Huseynov noted that it is a company Intermet, which is half owned by Golden Bat (100% of the shares owned by Hussein Marayev, an ethnic Chechen, who is citizen of the Russian Federation).

The other half of the shares is owned by the company Camelot Oil and Gas, and 50% is owned by Khagani Bashirov (who has French citizenship).

Several years ago, Bashirov was arrested. According to some reports, he was also accused of not returning the loans to IBA, but was later released.

When asked of the total amount of bad loans issued and not returned to IBA, the lawyer said that it was an astronomical sum - of about 6 billion dollars.

The investigation revolves around people somehow involved in the money – they are summoned, interrogated and arrested.

In fact, the investigation does still not exactly know the exact amount, since it is not clear how the loan was used for its intended purpose and where something was pocketed from IBA.

The Interior Ministry is transferred the credit agreements and the police call those who appears in the documents.

At the same time, the lawyer said that in the name of Adil Huseynov there is one company, which he opened on the instructions of the IBA management and credit funds in the amount of 20 million USD were transferred there. 5-6 other companies do not have any relation to Huseynov.

According to the lawyer, hundreds of people have been questioned. Even those who received small loans are summoned. Moreover, at many of them the maturity has not yet expired.

In addition, prosecutions on charges under Article 178.3.2 (fraud) on the credit agreements are incompetent, said the lawyer.

Is there any prospect of the criminal case against Huseynov?

In answering this question, the lawyer said: "From a legal point of view, the charges against Adil Huseynov are absolutely illegal. By law, the case should be discontinued and it does not have a judicial perspective. " -03D-