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Kamran Aliyev: Investigation into numerous criminal cases on banking sector underway


An investigation into a number of criminal cases concerned with the country’s banking sector is continuing, Head of the Anti-Corruption Department under Azerbaijan’s Prosecutor General Kamran Aliyev said Tuesday, APA reported.

 

He noted that investigations conducted by the Azerbaijan’s Financial Market Supervisory Authority (FIMSA) and the Chamber of Accounts are submitted to the Anti-Corruption Department.

 

“The banking sector has its own laws. We should not cross the line and interfere with activities of the banking sector. This pertains to the private sector as well. These investigations must give impetus to the development of this sector,” said Aliyev, adding. “We utilize prosecuting tools as the last resort. We intervene only when there is an unambiguous fact of embezzlement. Not every breach is a crime. It may be an administrative breach. So we’re trying to be cautious and sensitive about it. We’re also aided by banking experts. We’re lawyers and we cannot assume much responsibility.” 

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