Daughters of the head of Azerbaijan own assets worth billions of dollars

The daughters of Azerbaijani President Ilham Aliyev own a share in 56% in a company that owns six gold mines, which can be valued at billions of dollars, according to an investigation by the Center for the Study of Corruption and Organized Crime (OCCRP).

As previously wrote ForumDailyThe OCCRP investigation is based on leaking more than 11 millions of confidential documents from the documents of the Panamanian law firm Mossack Fonseca.

The project was named the Panama Papers Archive (Panama Papers), and its data continue to be published in the press in different countries.

Reportedly, Azerbaijani President Aliev 9 years ago transferred the right to develop the six mines of a certain company in the UK and three offshore companies, but in fact, according to OCCRP, the mines have passed into the possession of the Aliyev family.

According to the results of the investigation, conducted in 2012 by the currently imprisoned Azerbaijani journalist Khadija Ismailova together with RFE / RL radio station and OCCRP, it became known that members of the Aliyev family have a 11-percentage share in the company.

However, as the current report states, "the share of his daughters appears to be significantly larger than previously estimated."

In addition, it follows from the documents that the wife, sister and children of the Azerbaijani president “secretly owned shares in gold mining enterprises and real estate in London.” At the same time, journalists do not believe that by doing so these people somehow violated the law.

Aliyev's press service told the BBC Azerbaijani service that the law does not prohibit the president's children from owning commercial structures. According to Presidential Press Secretary Azer Gasimov, they are already “adult citizens of Azerbaijan and can have their own business.”

Commenting on assumptions that members of the Aliyev family have secret shares in gold mining enterprises, Gasimov said that he “does not know what is written in these documents.”

Millions application documents Panamanian law firm Mossack Fonseca were transferred to the German newspaper Suddeutsche Zeitung. The publication, in turn, shared these materials with the International Consortium for Investigative Journalism, with which OCCRP collaborates.

Among other things, the authors of the investigation exposed offshore schemeswhich may be associated with Russian President Vladimir Putin, President of Ukraine Petro Poroshenko, Georgian Prime Minister Bidzina Ivanishvili and British Prime Minister David Cameron.

Also how сообщается, offshore companies were found in the grandson of the President of Kazakhstan Nursultan Nazarbayev. Nurali Aliyev owns Alba International and the Baltimore Alliance registered in the British Virgin Islands. Aliyev was previously deputy chairman of the Development Bank of Kazakhstan and worked in the administration of Astana.

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