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Baku Steel Company appoints new director to replace Mammadov, who was arrested the day before

Europe

Baku Steel Company is the largest producer of metallurgical products in Azerbaijan and the entire Caucasus, with about 1,500 employees.

Baku Steel Company appoints new director to replace Mammadov, who was arrested the day before

Kamal Mirsahib oglu Ibrahimov, who previously served as Chairman of the Board of Directors of Standard Insurance and Gala Hayat Insurance, became the head of the largest producer of metallurgical products in Azerbaijan and the entire Caucasus.

The statement of the Baku Steel Company says that despite all the troubles with law enforcement agencies, all of its divisions are working as usual.

“In connection with the unverified information about our company spread in recent days, we declare that all subdivisions of the Baku Steel Company are working as usual. Our factories continue to manufacture products that meet high quality standards, ”the company said in a statement.

Baku Steel Company undertakes to continue its work on a transparent basis within the framework of the country's legislation.

The company's management assures consumers and suppliers that the company's operations will also undergo appropriate changes to apply high and modern management standards.

Recall that the former head of Baku Steel Company Rasim Mammadov was previously arrested . He was charged under Articles 178.4 (“Fraud, causing damage on a large scale”), 179.4 (“Misappropriation, causing damage on an especially large scale”) and 308.2 (“Abuse of official powers”) of the Criminal Code of the Republic of Azerbaijan. </P >

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