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Tuesday, October 03, 2006

Ogtay Hagverdiyev - Targol Investment, Fondel Metal, Barmek and some others are headache for Azerbaijan

03 October 2006 [16:01] - Today.Az - "Some foreign investors want to launder dirty money and make frauds in Azerbaijan," Cabinet officer for finance and credit affairs Ogtay Hagverdiyev told. Not referring to any company, Hagverdiyev said that companies not agreed with Azerbaijan as well as investors with whom the agreement was voided are agitating against Azerbaijan, APA reports. He said the Government terminated the agreement with Targol Investment and Fondel Metal because of inadequate implementation of the obligations. Hand-over test of Barmek is underway now. "These companies are a headache for Azerbaijan. We found irregularities in their activities and instruct them to correct them. We terminate the agreement when they don’t correct the irregularities."

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