World
Representatives of Azerbaijan stole millions of dollars from the European Bank
The European Bank for Reconstruction and Development (EBRD) has started investigating fraud and corruption related to the head of the Azerbaijani representation in the structure.
Two Azerbaijani borrowers of the EBRD, Zamin Aliyev and Kyanan Rasulov, head the companies "GemZA Group" and "H&M AGRO," the facts of the falsification of numerous documents were transferred to the investigation department of the headquarters of the EBRD. In London.
It was found that both borrowers should have used the loan funds received from the EBRD. Thus, the owner of "GemZA Group," Zamin Aliyev, cashed out 14 million euros, and the owner of "H&M AGRO" company, Kyanan Rasulov - 2.4 million dollars from the received loan funds. Moreover, the two Azerbaijani businessmen successfully avoided all tax obligations.
