Featured Azerbaijan

Evening Standard victory in secret papers fight over £14m ‘dirty cash’ case

Secret documents showing how a London couple brought at least £14 million of allegedly corrupt money from an “Azerbaijani laundromat” into Britain have been cleared for release by a judge in a partial court victory for the Evening Standard. Chief Magistrate Emma Arbuthnot said that this newspaper had an… Read More

What’s behind the arrest of Turkish-Azeri billionaire?

As Turkey grapples with the coronavirus pandemic, the March 17 arrest of Azeri-Turkish billionaire Mubariz Mansimov Gurbanoglu failed to draw the attention it deserves. Gurbanoglu was arrested on terrorism charges, part of what he alleges is a web of collusion between global energy giants and Turkish prosecutors. Gurbanoglu, 52, was a former ally… Read More

Crooked Banker Tapped Professionals to Manage Web of Dirty Money

Jahangir Hajiyev was running out of money. That was the urgent subject before the board of a company based in the tax haven of Guernsey in September 2015. For years, Hajiyev, then chairman of the International Bank of Azerbaijan, had used a chain of trusts and shell companies stretching… Read More
6th January 2020
A €100,000 transaction between Keith Schembri and his auditor Brian Tonna was “crazy” and should never have been allowed to take place, a former Pilatus Bank non-executive director told the Egrant inquiry. The transaction, a suspected kickback on passport sales, has been the subject of a criminal inquiry since April… Read More
20th December 2019
Transactions at Pilatus Bank involving the daughters of Azerbaijan ruler Ilham Aliyev and the sons of  his minister for emergency situations Kamaleddin Heydarov, show “commonly accepted red flags for money laundering”, a forensic review included in the Egrant magisterial inquiry concludes. On the basis of this suspicion that the… Read More
18th December 2019
A 1,500-page inquiry had ordered the police to investigate Nexia BT partner Karl Cini for perjury, Egrant whistleblower Maria Efimova for calumny and Pilatus Bank’s operations for money laundering. These conclusions, which were never published by the government, also order an investigation into who falsified and distributed documents linking the… Read More
16th December 2019
The wife of a jailed “fat cat international banker” is fighting to overturn the UK’s first unexplained wealth order at the Court of Appeal. Zamira Hajiyeva, who spent more than £16m at Harrods in a decade, faces losing her home in Knightsbridge, central London, which was purchased… Read More
25th October 2019
Dirty money worms its way into banks, law firms, and accounting agencies. It seeps into properties, companies, and even schools. And despite a crackdown by British lawmakers and police, the $418 billion flood shows no signs of receding as criminals from around the world continue to make the U.K. a… Read More
27th September 2019
A banker’s wife who spent £16million during a series of shopping sprees in Harrods has escaped extradition back to Azerbaijan on fraud charges. Zamira Hajiyeva, 55,  is accused of embezzling millions of pounds from the state-owned bank that her husband ran for 14 years. But she won her extradition battle on… Read More
1st August 2019
The signs were there. Jahangir Hajiyev, chairman of the biggest bank in Azerbaijan, and his wife, Zamira, appeared to be living on dirty money. Between 2003 and 2015, the couple spent a fortune in the U.K. They dished out 11.5 million pounds ($14.3 million) for a townhouse in the ritzy… Read More
26th June 2019
Attorneys for the government of Azerbaijan on Monday accused the wife of an imprisoned Azeri banker of knowingly spending £16 million in illicit funds at Harrods and other luxury retailers, according to Bloomberg. The allegations came as part of a hearing in London seeking Zamira Hajiyeva’s extradition to the South… Read More
15th April 2019
European lawmakers are urging financial institutions and governments to address dozens of legal and supervisory shortcomings they say contributed to the proliferation of massive money laundering schemes in recent years. In a resolution adopted Thursday, the Council of Europe’s Parliamentary Assembly said that recent money laundering schemes linked to… Read More
16th January 2019
Britain’s National Crime Agency (NCA) has seized a high value ring bought by a jailed Azerbaijani banker as part of an ongoing probe into its unexplained wealth order (UWO) case against him and his wife. The Cartier diamond ring, which has a retail value of £1,190,000 and was originally… Read More