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Август
2020

Deficiencies in Activities of Azerbaijan Investment Company Identified

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Baku / 24.08.20 / Turan: The Supervisory Board (SB) of Azerbaijan Investment Company OJSC (AIC), contrary to the requirements of the regulatory legal acts regulating the activities of this state company, did not make decisions on the direction of retained earnings in dividends and their transfer to the shareholder - the State Oil Fund (SOFAZ). This is stated in the results of the audit of AIC activities in the period 2016-2019, published by the Accounting Chamber (AC).The report notes ...



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