Bank Of Baku

Ramin Isayev, Former CEO of SOCAR-AQS arrested

The former CEO of "SOCAR-AQS" LLC, Ramin Isayev

© APA | The former CEO of "SOCAR-AQS" LLC, Ramin Isayev

# 06 July 2023 16:20 (UTC +04:00)

The former CEO of "SOCAR-AQS" LLC, Ramin Isayev (Ramin Ali Hakan as in Turkish passport) has been arrested, APA reports.

According to the information obtained by “Qafqazinfo,” a criminal case has been initiated against Ramin Isayev under Article 179.4 (embezzlement, particularly on a large scale) of the Criminal Code in the Anti-Corruption General Directorate with Prosecutor General's Office. He is accused of embezzling 16 million manats.

By the decision of the Binagadi District Court, a pretrial detention measure of 4 months has been selected against him.

It should be noted that Ramin Isayev was relieved of his position as CEO of "SOCAR-AQS" LLC in 2020.

"SOCAR-AQS" LLC was established in 2007.

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