Announcement

Collapse
No announcement yet.

11-year-old son of Ilham Aliyev becomes owner of 9 mansions in Dubai

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • 11-year-old son of Ilham Aliyev becomes owner of 9 mansions in Dubai

    Washington Post: 11-year-old son of Ilham Aliyev becomes owner of nine
    waterfront mansions in Dubai

    2010-03-06 13:23:00


    ArmInfo. Even by the standards of a city that celebrates
    extravagance, it was a spectacular shopping spree: In just two weeks
    early last year, an 11-year-old boy from Azerbaijan became the owner
    of nine waterfront mansions, says Washington Post.

    The total price tag: about $44 million - or roughly 10,000 years'
    worth of salary for the average citizen of Azerbaijan. But the preteen
    who owns a big chunk of some of Dubai's priciest real estate seems to
    be anything but average.

    His name, according to Dubai Land Department records, is Heydar
    Aliyev, which just happens to be the same name as that of the son of
    Azerbaijan's president, Ilham Aliyev. The owner's date of birth,
    listed in property records, is also the same as that of the
    president's son.

    Officials in Baku, the capital of Azerbaijan, declined to comment on
    how the president's son - or at least an Azerbaijani schoolboy with
    the same birth date and the same name as the son's - came to own
    mansions on Palm Jumeirah, a luxury real estate development popular
    with multimillionaire British soccer stars and others with cash to
    burn. Ilham Aliyev's annual salary as president is the equivalent of
    $228,000, far short of what is needed to buy even the smallest Palm
    property.

    Azer Gasimov, the president's spokesman, declined to discuss the Dubai
    real estate purchases. "I have no comment on anything. I am stopping
    this talk. Goodbye," he said when contacted by telephone and told
    about the names on the property records. Gasimov did not respond to
    requests for further comment sent by fax, e-mail and cellphone text
    message.

    Azerbaijan, a former Soviet republic blessed with plentiful oil and
    gas reserves yet blighted by widespread poverty outside its glitzy
    capital, has long had a reputation for corruption. But the Dubai
    purchases, which have not been reported before, could provide a rare
    concrete example of just how much money the country's governing elite
    has amassed and of the ways in which at least part of this wealth has
    been stashed overseas.

    The transactions sharpen a dilemma that has shadowed Washington's
    relations with Azerbaijan for years: how to reconcile the United
    States' security and energy interests in the oil-rich Caspian Sea
    nation with what the State Department, in a report last year on human
    rights around the world, described as the "pervasive corruption" of
    its increasingly authoritarian regime.

    Azerbaijan has sent troops to support U.S. democracy-building efforts
    in Afghanistan and Iraq but at home has retreated steadily from
    democratic practices, according to diplomats and experts on the
    region. Transparency International, in a 2009 survey of global
    corruption, ranked Azerbaijan among the worst at 143 out of 180
    nations.

    In addition to recording nine properties owned by Heydar Aliyev, the
    now-12-year-old schoolboy, Dubai's Land Department also has files in
    the names of Leyla and Arzu Aliyeva. President Aliyev has two
    daughters with the same names and roughly the same ages. Their exact
    dates of birth could not be established, but various reports indicate
    Leyla's birthday is the same as that of the Azerbaijani woman who
    figures in the Land Department records.

    In all, Azerbaijanis with the same names as the president's three
    children own real estate in Dubai worth about $75 million, property
    data indicate. Dubai real estate dealers with knowledge of some of the
    transactions said the purchases were made by a buyer representing
    Azerbaijan's ruling family. The dealers said the properties were paid
    for upfront.

    Ali Kerimli, chairman of the Azerbaijani Popular Front, an opposition
    party, said in a telephone interview, "We all know that our country is
    one of the most corrupt." But when told about the Dubai purchases, he
    added that he was surprised at the apparent lack of effort to conceal
    them.

    Azerbaijan's leaders, Kerimli said, "face no danger" because the
    judiciary, anti-corruption bodies and most of the country's media
    outlets are firmly under their control.
Working...
X