Standart Kapital employee arrested for fraud

Senior Securities LLC Standart Kapital Mazan Mammadov is prosecuted under the Criminal Code Article 178.3.2 (swindle with a large scale damage) and 308.1 (abuse of power.) The case is  conducted by the  Main Directorate for Combating Corruption under the Prosecutor General's Office on the basis of complaints Baku resident.

Press office of the Prosecutor General announced that Mazaim Mammadov introduced himself as the owner of the company "Minvest" having close contacts abroad.   He promised Baku resident big profits by investing in a business. However, in 2013 he deceived him by owing 60,000 manat belonging to the citizen. The investigation continues. Prosecutor Office  does not specify who was deceived, and what kind of financial operation it was. -16D04-

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