The former head of the Interbank market of Azerbaijan Hajiyev will leave the detention center until January 15

© RIA Novosti / Vladimir Pescaprae in fotobounce on the architectural complex of Flame Towers in Baku. Archival photoThe former head of the Interbank market of Azerbaijan Hajiyev will leave the detention center until January 15© RIA Novosti / Vladimir Pescaprae the image Bank

The tenure of the former head of the International Bank of Azerbaijan Jahangir Hajiyev in detention was extended until 15 January, reported RIA Novosti a source in law enforcement bodies.

Hajiyev was arrested in December 2015 at the decision of Narimanov district court of Baku. The Baku court of grave crimes sentenced the former Chairman of the Board International Bank of Azerbaijan to 15 years of imprisonment. Then it was initiated a criminal case against Hajiyev and 25. In the framework of the investigation Hajiyev was transferred from prison No. 13 in a detention facility.

«Hajiyev was to be transferred to prison for the completion of the period of investigation. The investigating authority requested to extend the duration of the investigation. At the trial chaired by judge Rohana mursalova in the Garadagh district court, the request of the investigating authority was satisfied, and the time spent in Hajiyev’s detention facility was extended for another two months. Hajiyev will remain in the Baku pre-trial detention until 15 January,» — said the source.

According to the investigation, former 2001-2015 years position Chairman of the Board Hajiyev in collusion with other persons, created and headed an organized criminal group. According to the interior Ministry of Azerbaijan, abusing official powers, he ordered to open your name and your family members, and other individuals account and to transfer to them large sums of money.

The international Bank of Azerbaijan was founded in January 1992 and is the largest Bank in the country. Earlier Finance Minister Samir Sharifov said that the European Bank for reconstruction and development (EBRD) is interested in the purchase of shares of the International Bank of Azerbaijan, owned by the state.