Trial in the case of the former head of the "International Bank of Azerbaijan" (IBA) and other officials continued in the Baku Serious Crimes Court under the chairmanship of Afgan Hajiyev. In particular, Anar Sultanov, who in 2004-2010 headed the Central branch of IBA. He said that the branch had the right to grant loans without collateral to 2.000 manats and 5,000 manat with collateral.
More than these amounts were given loans by the decision of the credit committee and the board. After the head office made the decision to grant a loan, the branch office played more technical role.
"The decisions of the Board were compulsory for me," said Sultanov.
Responding the questions from the prosecutor, Sultanov said that he gave loans to the relatives and friends of the former chairman of the IBA Jangir Hajiyev by his own order.
So, the driver of the head of the bank Aydin Mehdiyev was granted a loan by 9 million manat. In addition, from the Central Branch were granted loans to Hajiyev's wife and daughters, as well as the daughter of the former head of the National Security Ministry and Hajiyev’s brother- in-law Eldar Mahmudov. Total loans by plastic cards were issued to nine relatives of Hajiyev. The trial is ongoing. -03D-
Social
-
Azerbaijan's Ministry of Ecology and Natural Resources (MENR) has reported large-scale efforts to restore forests across the country, planting tens of thousands of saplings to expand forested areas. However, critics claim that the ministry simultaneously facilitates deforestation by leasing land to private companies.
-
On Sunday, December 22, changeable cloudy weather is expected in Baku and the Absheron Peninsula. Drizzle is possible during the night and morning in some areas of the peninsula. Moderate southwest winds will prevail. The air temperature will be 5-8°C at night and 9-11°C during the day, according to the National Hydrometeorological Service of the Ministry of Ecology.
-
Baku, often called the "Caucasian Dubai," is increasingly known for systematic violations of residents' housing rights. During urban renovations and the construction of elegant new buildings, thousands of families in Azerbaijan’s capital have been unlawfully deprived of their homes. Many, recognizing the futility of resistance, settle for inadequate monetary compensation for their irreplaceable property. A minority, placing faith in the Housing Code, demand fair compensation from construction companies but often lose everything—both their homes and any form of recompense.
-
Azerbaijani team prepares to compete in three prestigious international Olympiads The preparation of young programmers representing Azerbaijan in international Olympiads continues successfully. In collaboration with Azercell, the Ministry of Science and Education, and the Institute of Education, the latest “Informatics Camp” was held at the Baku Higher Oil School.
Leave a review