Investigation on Zaminbank`s officials starts – bank chairman arrested


July 7, Fineko/abc.az. The Main Anti-Corruption Department under the General Prosecutor’s Office has conducted investigation on the fact of abuse of official powers by Zaminbank’s officials, large-scale embezzlement of other people's property and other facts.

ABC.AZ was informed at the GPO that the Department investigated the case of alleged embezzlement of bank’s credit assets for over AZN 16 million during the period of work of Supervisory Council Bank’s ex-chair Nadir Ismayilov with help of other bank officials.

Nadir Ismayilov was found guilty of these illegal actions under several articles of the Criminal Code and the Binagadi district court ruled in respect of him a preventive measure in the form of 4-month arrest.