Ibiza DJ involved in £ 14million money laundering scandal
Ibiza resident DJ Mikaela Jav, real name Izzat Khanim Javadova, just made the securities For all the wrong reasons. Coming from a wealthy background, Javadova is the daughter of an Azerbaijani oligarch and former MP, as well as the cousin of the current President of Azerbaijan. Ilham Aliyev.
As news of corruption and money laundering comes to light, famous DJ and her husband Suleyman Javadov were investigated by the National Anti-Crime Agency (ANC), for funds that have been reported to have been acquired through “corruption, theft or embezzlement”. With the couple on suspicion of receiving funds in their UK accounts through various dark companies located overseas, they in turn made it impossible to obscure the source of the funds, let alone verify them.
Further investigative work by the NCA has identified six of the alleged companies the couple used to transfer their funds, being part of the “Azerbaijani laundromat. “Known as one of the most complex networks in money laundering, tax invasion, bribe financing and money transfer out of the country, the ‘Azerbaijani Laundromat’ is known to be used by the rich and the elite looking to finance their chic lifestyles.
In recent times, many high-ranking officers have been accused of taking such an approach with their wealth. However, if found guilty, Javadova will be the first person in a ruling family to use the “Azerbaijani laundromat” system. With the couple’s lawyers adamant that no criminal acts had taken place, they filed a lawsuit claiming that they are “highly respected and honest members of British and Azerbaijani society”, and to their turn to proclaim their innocence regarding the alleged charges. .
However, with Javadova claiming the funds were profits made through a rental company, it was later revealed that the income was “well over double the turnover of their rental income.” Further, the NCA further argued that “no explanation has been provided as to why a Scottish or Irish LP or Seychelles company should be used to manage property in Azerbaijan using ‘a bank account in Estonia (or Latvia) “.
With allegedly £ 14million to get money transferred to their UK accounts, the couple have already had over £ 6 million seized by the ANC. Much of the problem stems from ‘whether the funds received in the UK come from another (more immediate) source and were obtained through illegal behavior’ or the ‘extended property portfolio’ that the couple owns because of his inherited wealth. can make a solid argument as suggested by their lawyer Niall kelly.
Overall, lots are at stake for Javadova and her husband, with hearings on the case set to begin this month. We will make sure to keep you informed of any further news on this subject.
Image Credit: The Times