AZƏRBAYCANDA KORONAVIRUSLA BAĞLI XƏBƏRLƏR

Court annuls decision on arrest of six persons on case of Azerbaijani Int’l Bank

Court annuls decision on arrest of six persons on case of Azerbaijani Int’l Bank

Society
22 February 2016, 14:30 709
On 2 December 2015, the Narimanov District Court considered the petition filed by the prosecuting authority in connection with the annulment of the decision on the arrest of Mikayilov, according to the lawyer. "The court sustained the petition and Mikayilov was released on recognizance not to leave. A decision on the measure of restraint in the form of arrest against 5 others was also cancelled,” he added.  
 
Four of them are employees of the Khazar Management System Company.
 
Mikayilov is the CEO of the Khazar Management System Company. He is accused of taking AZN 80 mln credit from the International Bank of Azerbaijan and not repaying it. Mikayilov faces charges under article #178.3.2 (fraud with causing damage in the large size) of the Criminal Code.
 
Narimanov District Court sentenced the former chairman of International Bank of Azerbaijan Jahangir Hajiyev to four months in prison on 5 December 2015 over charges under articles #179 (embezzlement) and 308(abuse of power) of the Criminal Code.
 
A preventive measure was chosen against more than 30 persons who failed to repair their credit debts to the International Bank of Azerbaijan.