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The accused are studying the investigation materials. Following this, the investigation materials will be sent to court, APA reports.
The investigation shows that according to the contract between Economic Development Ministry and Turkey’s Barmek Holding Inc., the company was charged to run the Bakielektrikshebeke Open Joint Stock Company for 25 years. According to the investment program, the company should have invested $51million within first five years.
Notably low investment was made on account of Barmek consumers. The investigation shows that Barmek LLC officers misappropriated AZN9, 143,940.
Barmek high-ranking officers Omar Guner Ismayil, Vefa Agayev, Mahir Novruzov, Chingiz Ibadov, Vaaleh Zeynalov, Chingiz Abdullayev, Esger Esgerzadeh were held accountable on articles 179.3.2, 308.2 and 313 of the Criminal Code and arrested.
The company’s president Huseyn Arabul faced charges on Article 179.3.2 (embezzlement), 308.2 (abuse of power) and 313 of the Criminal Code. He is banned from leaving the country.