EURO ASIA NEWS INTERNET NEWSPAPER

The confiscated property of Zamira Hajiyeva, the wife of the former head of the International Bank of Azerbaijan, Jahangir Hajiyev, who is currently serving a prison sentence in Baku, has been put up for sale in the UK.

British sources report that Hajiyeva’s villa in London’s Knightsbridge and golf club in Berkshire are valued at £19.5 million (approximately $25 million).

The property was seized as part of a six-year investigation into fraud and money laundering by the National Crime Agency (NCA).

Zamira Hajiyeva is left with only jewellery
After a lengthy trial, Hajiyeva agreed to give up the Mill Ride Golf Club in Ascot and the Knightsbridge mansion.

The High Court in London upheld two charges brought against Hajiyeva under the NCA’s Unexplained Wealth Act. However, as part of a deal struck with the agency, the frozen jewellery was returned to her.

The British government will receive 70 per cent of the proceeds from the sale of the seized assets, minus the NCA’s operating costs.

The agency stressed that the properties were purchased with criminal proceeds.

The NCA’s chief executive, Tim Quarrell, said the successful outcome of the case, which had taken more than six years to complete, underscored the agency’s commitment to tackling illicit financial flows in the UK. His deputy, Simon Armstrong, backed that position, noting that the agency would continue to use its powers to confiscate the proceeds of crime.