Jailed banker's wife who spent £16m at Harrods can finally be named

Jailed banker's wife who spent £16m at Harrods can finally be named

A second, first-of-its-kind Unexplained Wealth Order was also filed in relation to her ownership of a $13.5 million golf course, purchased through a different company.

Mr. Hajiyev was IBA's chairman between 2001 and 2015.

Her identity had been shrouded in mystery after the courts agreed to protect her anonymity throughout the UWO process. She said he had other business interests too, and supplied a 2011 document from a money manager putting her husband's net worth at almost $73 million.

A woman whose husband is a jailed state banker in Azerbaijan has lost a court fight to avoid being named as she seeks to explain how she paid for two properties worth £22 million ($29 million) in total, Britain's Press Association reported Wednesday.

During previous court hearings Hajiyeva was identified only as Mrs.

Her husband, a former chairman of the Bank of Azerbaijan, has been convicted of fraud and embezzlement.

According to the United Kingdom judicial ruling last week, the Hajiyevs bought the house in the upscale Knightsbridge neighborhood of London in 2009 through a British Virgin Islands company, paying around £4 million of the £11.5 million purchase price upfront. Judges also ordered him to repay $39m.

Mrs Hajiyeva used three store loyalty cards and 35 credit cards issued by her husband's bank. Between 2006 and 2016, Hajiyeva spent more than 16 million pounds at the store, including 100,000 pounds in one day on Cartier jewellery, 150,000 pounds in another trip on goods from luxury brand Boucheron, and 1,800 pounds on wine.

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In a statement they added: "The decision of the High Court upholding the grant of an Unexplained Wealth Order against Zamira Hajiyeva does not and should not be taken to imply any wrongdoing, whether on her part or that of her husband". Unless her appeal succeeds, she will have to explain further the source of the wealth used to pay for the home and the golf club just outside London.

Duncan Hames, director of policy at Transparency International UK, said: 'We are delighted that this first case is progressing in court, underlining the effectiveness of Unexplained Wealth Orders in targeting suspicious wealth.

"The NCA's case is that the UWO is part of an investigative process, not a criminal procedure, and it does not involve the finding of any criminal offence".

UWOs, which came into effect earlier this year, have been dubbed "McMafia" powers following the popular BBC global crime drama.

'UWOs should now be used more widely to pursue more of the £4.4 billion worth of suspicious wealth we have identified across the United Kingdom'.

The Azeri finance ministry said about $3 billion could have been misappropriated by Hajiyev, who denied the charges.

Britain's National Crime Agency (NCA) successfully applied for an UWO in February against Hajiyeva after demanding she reveal the source of her wealth or risk losing the properties.

The new Unexplained Wealth Orders are an attempt to force the owners to disclose their wealth.

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