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Tuesday, September 05, 2017

Azerbaijan accused of running $2.8 billion 'secret slush fund' to pay off European politicians

https://www.cnbc.com/2017/09/05/azerbaijan-ran-secret-slush-fund-to-pay-off-european-politicians.html

Azerbaijan's ruling elite ran a secret $2.8 billion slush fund for two years to pay off European politicians and pay for luxury purchases, an investigation has shown.
The secret fund, dubbed Azerbaijani Laundromat, operated for two years until 2014 and was used by the government to win favor among international peers, according to the report published this week by the Organized Crime and Corruption Reporting Project (OCCRP).
The cash was allegedly channelled through four U.K.-registered companies, where "lax regulations" allowed for opacity.
Though the origin of the money is unclear, the report said there was "ample evidence of its connection to the family of President Ilham Aliyev."

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