Articles 178.4, 179.4, 32.4, 312.1, 313 and 308.2 of the Criminal Code of Alakbarov Elchin Bashir oglu, the founder and actual head of "Kat Holding" LLC, and the director of that company, Ibadov The criminal case against Mail Majid oghlu, charged with Articles 179.4 and 308.2 of the Criminal Code, is being considered at the Baku Court of Serious Crimes.

APA reports that this was stated in the information released by the General Prosecutor's Office.

According to the information, the accused in that criminal case, Elchin Alakbarova, was charged with seizing and defrauding funds in the amount of 3,520,763 manats (2,070,745 US dollars) belonging to Povilas Pocius, a citizen of the Republic of Lithuania, as well as with "Kat Holding" LLC, owned by the accused persons. Accusations were made for misappropriation of 1,569,404.68 manats of 1,900,128.68 manats paid for the sale of apartments by a total of 34 trusted persons and other criminal acts.

It was noted that property worth approximately 5.9 million manats was seized in order to ensure the payment of the damage caused in the criminal case, and necessary measures are currently being taken to pay the damage caused:

"We inform you that during the preliminary investigation of the mentioned criminal case, the participation of officials of the State Housing Construction Agency of the Republic of Azerbaijan in the commission of those criminal acts, as well as cases of seizure of money or property belonging to the Agency, were not determined."