Children of the two most powerful officials in Azerbaijan –
President Ilham Aliyev and Minister of Emergencies Kamaladdin
Heydarov – used dozens of offshore companies as cover for
investments in luxury properties, businesses, and high-end hotels
across Europe and Middle East.
Their secrets were hidden in the files of Pilatus Bank, a
controversial private bank in Malta that’s being investigated for
laundering money for its clients. The network used accounts at the
bank to stash profits and funnel millions of dollars into new
investments, according to three sources with knowledge of the
transactions who can’t be identified because of fear of
retaliation. Their revelations were corroborated by public records
obtained by reporters.