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13 Sep 2017

CEE Bankwatch Network

Azerbaijan's corruption scheme scandal raises concerns over EU's growing business ties with authoritarian regime, says watchdog

"Azerbaijan's Laundromat scandal raises concerns over the EU's growing business ties with the authoritarian regime", 6 September 2017

Adding up to the list of shady practices of Azerbaijan’s authoritarian regime the Azerbaijani Laundromat corruption scheme raises serious concerns over the EU’s intensifying relationship with the government in Baku. In particular, the latest revelations, cast even more doubts over the already controversial Southern Gas Corridor, the largest energy project the EU is currently pursuing together with Baku...The Azerbaijani regime has long been cracking down on journalists, civil society members and political proponents. The new revelations add to several earlier corruption cases allegedly enabled by Azerbaijani money...Yet, the EU is worryingly reinforcing the bond with Azerbaijan, ready to turn a blind eye to the country’s human rights abuses and offer loans of millions of euros to a massive gas infrastructure project that would fill the pockets of the Azerbaijani corrupted elite.