37,000 euros fraud committed against leadership of group company in Azerbaijan

Baku. 11 June. REPORT.AZ/ A fraud  has been committed  against leadership of ATEF Group of Companies.

Report informs, Talib Alikhanbeyov, chairman of Observation Council of the company, appealing to law enforcement bodies said that one group of company employees falsified his signature, signed a contract with Estonian company "European Power Solutions Estonia" and the 37,000 euros was transferred unexpectedly to the account of this company.

The investigation on the fact is underway

Notably, ATEF Group of Companies was established on the basis of Baku plant of dry-type transformers , privatized in 1998. The group of companies produces oil transformers, voltage transformers, complete transformer substations, stabilizers and others.