IBA ex-chairman Jahangir Hajiyev jailed for 15 years

Baku Court of Grave Crimes on Friday continued the hearing in the case of the former chairman of the board of the International Bank of Azerbaijan (IBA), Jahangir Hajiyev, and seven people arrested alongside him. 
 
Hajiyev has been sentenced to 15 years in prison according to the court’s verdict. 
 
Under the verdict, the former director of Baku Hazelnut Factory Azad Javadov is sentenced to 10 years and 11 months in prison, the former director of the banks’ central office Yusif Alakbarov to 7 years and 6 months, and former director of Inter Security LLC Ibrahim Huseynov to 6 years and 5 months. 
 
Former director of the International Bank’s central office Anar Sultanov, the former director of the bank’s transport office Kenan Orujov, the former head of the bank’s central office Ilgar Abdullayev and the former director of the Bank’s Narimanov office Mammad Jahangirov are sentenced to three years’ conditional imprisonment, APA reports.
 
They faced charges under articles 179.3.1, 179.3.2 (embezzlement on a large scale by an organized group), 308.2 (abuse of power, resulting in grave consequences), 309.2 (abuse of power, resulting in grave crimes), 313 (official forgery), 228.1 and 228.4 (illegal storage and carrying of firearms).