Baku court reads out Tale Heydarov's testimony in case of major fraud at investment company

The trial continues in the criminal case against Intigam Safaraliyev, director of CJSC "Investment Company Azfinance," who is accused of fraud amounting to 12 million manats.

On today's hearing at the Baku Court for Grave Crimes, the testimony of the victim businessman Tale Heydarov was read out. Heydarov did not participate in the court hearings, and his representative stated that the entrepreneur is currently outside the country. To avoid delaying the process, the judge read out the testimony that the victim gave to the prosecutor's office.

Tale Heydarov told the investigator that he met the accused through his brother Nijat Heydarov. The current dispute between them is related to the purchase of shares in OJSC "AzeriSteel Company." According to Heydarov, he and his brother transferred 16 million manats to the accounts of Intigam Safaraliyev and Abid Mammadov (who is currently wanted — ed.). However, the purchase of shares never took place, as the other party misappropriated the funds. He stated that he insists on the complaint and demands the return of his money.

Due to lack of time, the questioning related to the victim's testimony was postponed to the next hearing.

It should be noted that in this case, Abid Mammadov, chairman of the Supervisory Board of CJSC "Investment Company Azfinance," has also been brought to criminal responsibility. However, since he fled the country, an arrest warrant was issued against him in absentia, and he has been put on the wanted list. Previously, A. Mammadov held the position of adviser to the chairman of the Supervisory Board of AFB Bank, which is reportedly owned by the Heydarov family, and I. Safaraliyev was a member of this board.