| Notes |
The records show that, in mid-2003, months before the October presidential election, Fazil Mammadov, Azerbaijan’s tax minister, began to create AtaHolding, which has since become one of the country’s biggest conglomerates. Mammadov, influential in his own right, subsequently invited President Aliyev’s family to join him, cementing a potentially potent and advantageous business and political partnership.
AtaHolding is a corporation that has significant interests in Azerbaijan’s banking, telecommunications, construction, mining, oil and gas sectors. Its most recent corporate filing in 2014 shows it held over $490 million in assets. |