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Another IBA official standing trial on fraud charges

13:52 13-09-2017

Another IBA official standing trial on fraud charges

The Baku Court of Grave Crimes launched Wednesday a judicial investigation into the case of the director of the Financial Management Department of Azerikard LLC, operating under the International Bank of Azerbaijan (IBA), Gulshan Aliyeva, and her driver Bayram Shafiyev, who are charged with fraud.

 

A state prosecutor announced the indictment at a hearing presided over by judge Shakar Mammadova.

 

Although Aliyeva found herself partly guilty, Shafiyev said that he was innocent.

 

According to the indictment, Bayram Shafiyev in mid-December 2011 entered into a conspiracy with Gulshan Aliyeva and met with Ibrahim Jafarov, presenting Aliyeva as the chief accountant of International Bank. He convinced Jafarov that the latter would get 5% in addition to the money to be deposited in his bank account. By this means, he swindled 20,000 manats from Jafarov, assuring him that it would all be deposited in his bank account. Shafiyev gave the money to Aliyeva, the bank’s one of the former chief accountants.

 

 



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