An unexpected verdict: the "millionaire brothers" kept their fortune

The trial of members of a group arrested as a result of a large-scale police operation against cybercrime in 2024 has ended with an interesting verdict.

As "Qafqazinfo" reports, at the Baku Court on Grave Crimes all the defendants were given punishments even below the minimum limit provided for by law.

Standing trial in the case were Bahadir and Ikram Gasimov, known as the "millionaire brothers," their cousin Farhad Guliyev, as well as Javid Azizov, Veli Aliyev, and Anar Ahmedov.

They were charged under articles on the legalization of funds and other property obtained by criminal means, illegal entrepreneurship with the extraction of income on a large scale, as well as on violation of currency regulation rules.

The panel of judges chaired by Sabina Mammadzadeh concluded that the charges brought were ultimately confirmed by sufficient evidence and proof. However, Article 62 of the Criminal Code (imposition of a punishment below the minimum limit of the sanction) was applied to the defendants.

According to the verdict, Bahadir Gasimov, who was released under house arrest last week, remained free. The 2 years and 11 months he spent in custody were deemed sufficient. His brother Ikram Gasimov and cousin Farhad Guliyev were sentenced to 4 years and 6 months, Javid Azizov and Anar Ahmedov to 4 years, and Veli Aliyev to 3 years of imprisonment.

Another concession concerned property worth 200–300 million manats, belonging mainly to Ikram Gasimov himself, members of his family, and other relatives.

The seizure imposed on about 100 cars and trucks of the brands "Range Rover," "Bentley," "Mercedes," "BMW," "Mitsubishi," and others, a villa, numerous apartments and non-residential premises located in Baku and the regions, boats, and other property was lifted. For information, we note that, according to preliminary calculations, the total market value of the listed property was estimated at approximately 500 million manats.

Confiscated were only cash in the amount of more than 3 million manats, seized from Ikram Gasimov's office in Yasamal and from his home, jewelry worth 1 million manats, a country house in the Khizi district, and several vehicles. The total value of the confiscated property amounts to 5–6 million manats.

It should be noted that Bahadir and Ikram Gasimov were accused of carrying out illegal money transfers from foreign countries to Azerbaijan and back. Through a company known in the Yasamal district as "Bahadir's bank," a total of 254 million 409 thousand 947 manats was illegally transferred abroad. Of this amount, 2 million 500 thousand manats remained with them as payment for services.