The process was held in the Baku Court of Appeal on the complaint of the former director of the Röyal Bank Fuad Jam and his father, the chairman of the Board of Bank Ali Jama.
According to haqqın.az, the court reduced the term of arrest to Fuad Jam by 5 years to 8 years, and Ali Jama – by 2 years to 6 years.
Fuad Jam was detained upon returning to Azerbaijan on June 24, 2019, and on July 6, 2019, who was on the international wanted list was extracted to our country. They were charged under articles 179.3.2 (assignment or embezzlement of large -scale).
Ali Jamu was also charged under Article 213.2.2 (large -scale tax evasion).
The victims of the criminal case were recognized by the Ministry of Agriculture and the Deposit Insurance Fund.
The Baku court for serious crimes sentenced Fuad Jam to the age of 13, and Ali Jama – to 8 years in prison.
Recall that by the decision of the Board of the Central Bank of July 13, 2012, the Royal Bank license was revoked.