By Trend News Line 2024-07-09 07:03:49.
sold to a local company. Meanwhile, Mammadov’s lobbying efforts in Washington dwindled as scrutiny of his family’s wealth and connections intensified.
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However, Mammadov found a new avenue for his substantial wealth in the form of British fast-food chicken. The RFE/RL investigation revealed that Mammadov, now 43, has invested millions of dollars in a franchise of the American fried-chicken chain KFC in England. His investment in the chain is part of a larger business and real estate portfolio in Britain, which includes over $30 million in property on some of London’s most expensive streets.
Most of this real estate was acquired during his father’s tenure as transport minister in Azerbaijan, a country known for its pervasive corruption. President Ilham Aliyev, who succeeded his father in 2003, has consolidated power and enriched his relatives through lucrative state contracts in various sectors.
Anar Mammadov’s political connections and the source of his wealth have raised concerns among Western lawmakers and regulators. His father, Ziya Mammadov, has been described as “notoriously corrupt” in leaked U.S. diplomatic cables. The younger Mammadov’s involvement in KFC restaurants in England has also raised eyebrows, especially after his father denied his son’s ownership of any restaurants in the UK.
However, the RFE/RL investigation found that Anar Mammadov owns at least 20 KFC restaurants in northwestern England, with his initial investment dating back more than a decade through an anonymous offshore firm. His real estate holdings and business ventures have come under increased scrutiny as authorities in the UK crack down on suspected illicit wealth flowing into the country.
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In recent years, the British High Court has ruled on cases involving Azerbaijani individuals using the proceeds of crime to purchase millions of dollars in London real estate. The National Crime Agency has been investigating suspected money laundering activities, including the use of opaque sources like the Azerbaijani Laundromat.
Despite these investigations and allegations, there is no publicly available evidence that Ziya or Anar Mammadov have faced corruption-related charges. Both have denied any wrongdoing, with Anar Mammadov refusing to comment on his real estate portfolio or his KFC restaurants in England.
From his failed partnership with Trump on a Baku skyscraper to his current investments in British fast-food chicken, Anar Mammadov’s business dealings continue to attract attention and scrutiny. As Western authorities tighten regulations on illicit wealth and corruption, the Mammadov family’s wealth and connections remain under the spotlight.
In conclusion, the story of Anar Mammadov’s investments in London reflects a larger trend of wealthy individuals from corrupt regimes seeking to park their money in Western countries. As authorities increase efforts to combat money laundering and corruption, individuals like Mammadov will continue to face scrutiny over the sources of their wealth and the legitimacy of their business dealings..
– politically connected Azerbaijani tycoon
– secretive millions poured into British KFC franchise.
