Advertisement
The Maltese Herald
APS : 0.57 AXR : 0.41 BMIT : 0.35 BOV : 1.74 CVS : 1.00 FIM : 0.16 GHM : 0.87 GO : 2.70 HLI : 0.23 HRV : 0.97 HSB : 1.36 IHI : 0.45 LOM : 0.80 LQS : 0.19 LSI : 0.49 LSR : 1.00 MDI : 0.25 MDS : 0.45 MIA : 5.95 MLT : 0.55 MMS : 1.32 MPC : 0.35 MSC : 0.33 MTP : 0.47 MZ : 0.58 PG : 1.89 PZC : 0.63 RS2 : 0.52 RS2P : 0.60 SFC : 6.70 STS : 1.25 TML : 1.00 TRI : 1.12 VBL : 0.20
Culture News Sports
The Maltese Herald

Adnan Ahmadzada arrested in Azerbaijan over oil fraud

โ€”

by

Maltese Herald
in ,

Adnan Ahmadzada, the previous chief trader of SOCAR and currently the Chairman of ABDA Invest Holding, has been arrested in Azerbaijan over oil fraud. He is being accused of mixing refined oil products with Russian crude oil – a popular method of fraud in the oil trafficking business.

Adnan Ahmadzada is a person of interest in our investigations because a whistleblower with extensive insider information about SOCAR is accusing Adnan Ahmadzada of being the hidden hand behind Alkagesta. Kamran Agayev, Alkagesta’s chairman is also a relative of Adnan Ahmadzada.

Alkagesta is Malta’s largest oil bunkerer and it has used Malta’s oil terminal in Birลผebbuฤกa to traffic Russian oil with the Russian shadow fleet, and it has also been involved in the trading of trafficked oil from Libya. Alkagesta is currently being investigated by the EU and UK authorities for selling Russian oil in Europe with fraudulent certificates.

 

 

Comments

12 responses to “Adnan Ahmadzada arrested in Azerbaijan over oil fraud”

  1. Stefan avatar
    Stefan

    OMG
    I was shocked when I read about Alkahest. The companies associated with it have billions of dollars in their accounts.Look Caspian oil and gas ldt connected with Russian oil Companies Tatneft

    Reply
  2. On Russian oil, Baku wants to clean up its reputation: Maltese authorities are unfazed - The Maltese Herald avatar
    On Russian oil, Baku wants to clean up its reputation: Maltese authorities are unfazed - The Maltese Herald

    […] sources in Baku have informed us that the arrest of Adnan Ahmadzada is related to a push by the Azeri authorities to clean up Azerbaijan’s international […]

    Reply
  3. The Maltese Herald featured in the BBC (Azerbaijan) and the Azeri press - The Maltese Herald avatar
    The Maltese Herald featured in the BBC (Azerbaijan) and the Azeri press - The Maltese Herald

    […] if in normal countries you would have expected the Police to raid the offices after Alkagesta after Adnan Ahmadzada was arrested, you can expect the Maltese Police to do the exact opposite. The Police are still […]

    Reply
  4. Jonathan Vassallo: first person of interest who is Maltese in our investigations over Alkagesta and Russian sanctions - The Maltese Herald avatar
    Jonathan Vassallo: first person of interest who is Maltese in our investigations over Alkagesta and Russian sanctions - The Maltese Herald

    […] with extensive knowledge on Alkagesta has claimed that this company once held the yacht of Adnan Ahmadzada who was arrested last week in […]

    Reply
  5. Do no get involved with Alkagesta or Oil Mar Ship: all is mine - Adnan Ahmadzada - The Maltese Herald avatar
    Do no get involved with Alkagesta or Oil Mar Ship: all is mine - Adnan Ahmadzada - The Maltese Herald

    […] who worked in the oil industry in Azerbaijan and has extensive inside knowledge about SOCAR and Adnan Ahmadzada, shared with me a past conversation that took place on WhatsApp between a journalist and Adnan […]

    Reply
  6. Here's Adnan Ahmadzada at the inauguration of the Electrogas gas-fired Delimara plant - The Maltese Herald avatar
    Here's Adnan Ahmadzada at the inauguration of the Electrogas gas-fired Delimara plant - The Maltese Herald

    […] is a very interesting photo online that was published by Azer News of Adnan Ahmadzada in Malta at the inauguration of the Delimara gas-fired plant by Electrogas. SOCAR owns up to a […]

    Reply
  7. Kamran Agayev, Alkagesta's frontman, is living in Moscow - Azeri press - The Maltese Herald avatar
    Kamran Agayev, Alkagesta's frontman, is living in Moscow - Azeri press - The Maltese Herald

    […] Kamran Agayev, who looks like he could have worked as a night-club bouncer, but is actually the official owner of Alkagesta, is living in Moscow, Russia, according to the Azeri press. Despite official records showing that Kamran Agayev is the majority shareholder of Alkagesta, he is widely believed to be fronting his cousin Adnan Ahmadzada. […]

    Reply
  8. SOCAR is still buying Russian crude at its Star oil-refinery in Turkey - The Maltese Herald avatar
    SOCAR is still buying Russian crude at its Star oil-refinery in Turkey - The Maltese Herald

    […] President Donald Trump was urging countries to stop buying Russian oil, Azerbaijan moved against Adnan Ahmadzada of Alkagesta, signaling to the world that it was cracking down on one of its major traffickers of […]

    Reply
  9. New trading link between Elctrogas/SOCAR clique and Alkagesta emerges - The Maltese Herald avatar
    New trading link between Elctrogas/SOCAR clique and Alkagesta emerges - The Maltese Herald

    […] Ahmadzada, who is the hidden owner of Alkagesta, is currently under arrest in Azerbaijan over oil fraud and for mainly mixing Azerbaijani oil products with Russian crude oil. […]

    Reply
  10. Our most popular local stories of 2025 - The Maltese Herald avatar
    Our most popular local stories of 2025 - The Maltese Herald

    […] 12. Adnan Ahmadzada arrested in Azerbaijan over oil fraud […]

    Reply
  11. Our top ten international stories of 2025 - The Maltese Herald avatar
    Our top ten international stories of 2025 - The Maltese Herald

    […] televised broadcast on The Baku Post. We were also one of the first press outlets that reported on the arrest of Adnan Ahmadzada. Alkagesta is involved in smuggling Russian and Libyan oil from Malta. Our investigation is […]

    Reply
  12. Azeri Press: British lawyer paid ยฃ1 million to take down articles on Adnan Ahmadzada's companies from the internet - The Maltese Herald avatar
    Azeri Press: British lawyer paid ยฃ1 million to take down articles on Adnan Ahmadzada's companies from the internet - The Maltese Herald

    […] Ahmadzada was arrested by the Azeri authorities late last year over a case of oil fraud and oil trafficking related to […]

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *