Information of the Press Services of the State Security Service and the Prosecutor General’s Office of the Republic of Azerbaijan
March 14, 2020
As a result of the successful and progressive economic development policy implemented in our country under the leadership of the President of the Republic of Azerbaijan Ilham Aliyev, the macroeconomic and financial stability in all areas of the country has been preserved, despite recent changes in global financial and energy markets due to the threat of coronavirus in the world.
At the same time, effective measures are being taken to combat shadow economy entities abusing the concern of the population due to the known events around the world, including those who are illegally operating out of state control and registration.
Based on the received information, the joint operational and investigative activities were conducted on March 13, 2020, by the employees of the State Security Service and Anti-Corruption General Directorate with the Prosecutor General’s Office of the Republic of Azerbaijan. It was revealed that illegal currency exchange operations were carried out by a group of persons under a prior arrangement in the office room rented within the administrative building of "Azadlig" branch of "Amrahbank" OJSC in Nasimi district of the capital. While conducting search activities in the specified address with the consent of the branch manager 697 thousand US dollars, 345 thousand manats, 85 thousand euros, 280 British pound sterling, 10 million Russian rubles, 19 thousand Turkish lira, 7 thousand UAE dirhams, 3 thousand Saudi Arabian real and other foreign currency used for illegal exchange activities outside the bank's cash desk, as well as a booklet containing handwritten records of black accounting were detected and seized as material evidence.
Preliminary investigations ascertained substantive suspicions that Mahir Ibrahimov, Vugar Gadirov and Anvar Idaiatzade, who were not employees of the bank, caused to significant damage to citizens, organizations and the state via engaging in illegal exchange activities without prior state registration and a special permit (license) obtained in the manner prescribed by the legislation of the Republic of Azerbaijan.
Based on the criminal case initiated by Anti-Corruption General Directorate with the Prosecutor General’s Office in connection with the facts mentioned, Mahir Ibrahimov, Vugar Gadirov and Anvar Idaiatzade were arrested as suspects under article 192.2.1 of the Criminal Code.
Necessary investigative measures are currently underway to comprehensively investigate and prosecute the perpetrators of this crime and to ensure compensation for damages.
Additionally, the experts of the Central Bank of the Republic of Azerbaijan will be involved to investigate whether the employees of the “Azadlig” branch of “Amrahbank” OJSC participated in the illegal actions.
The citizens faced illegal actions of this kind are appealed to contact the “161” hotline of Anti-Corruption General Directorate with the Prosecutor General’s Office.
At the same time, the necessary preventive measures are undertaken to identify and eliminate the negative causes and consequences of such offenses and to prevent violations of the law in this area.