Tag: Alkagesta
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The Azeri press confirms that the majority shareholder of Alkagesta, Kamran Agayev, is Adnan Ahmadzada’s cousin
The Azeri press has confirmed a long-held suspicion that the majority shareholder and the actual CEO of Alkagesta, Kamran Agayev, is Adnan Ahmadzada’s cousin. Orkhan Rustamov is only a front and has no control or influence over the company . Adnan Ahmadzada tried to conceal his ownership of Alkagesta through multiple offshore and shell companies.…
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BREAKING: Alkagesta in Malta is being investigated by the local authorities including the Police
A local and official source ahs confirmed with The Maltese Herald that Alkagesta is being investigated by multiple authorities in Malta including the Police. The source didn’t provide further details. Alkagesta is being investigated for bunkering Russian oil in Malta. The hidden owner of Alkagesta, Adnan Ahmadzada, was arrested in Azerbaijan over oil fraud, and…
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Here’s Adnan Ahmadzada at the inauguration of the Electrogas gas-fired Delimara plant
This article has been updated with further details and clarifications. There 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 third of Electrogas along with Gem Holdings and Siemens. The news article…
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Pierre Gay: Alkagesta’s banker in Switzerland
Industry sources are currently tipping us with information about Alkagesta’s key structures and connections. One of the most important contacts for Alkagesta is their banker: and this is Pierre Gay. Pierre Gay specialises in the finance of commodity trading and lives in Switzerland. This is a very obvious and logical arrangement for Alkagesta. Alkagesta, despite…
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Do no get involved with Alkagesta or Oil Mar Ship: all is mine – Adnan Ahmadzada
Earlier today, the whistleblower 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 Ahmadzada. Adnan warns the journalist not to write about Alkagesta and Oil Mar Ship companies because they…
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Alkagesta sends another right of reply
Alkagesta has sent a very pathetic right of reply full of fairy tales, which I am publishing here only for legal reasons not because their reply has any merit. Their main point is that they “are complaint.” Sure, and my dog promised me he will not chase other animals when he is out and I…
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The Maltese Herald featured in the BBC (Azerbaijan) and the Azeri press
Our investigation about Alkagesta has hit the headlines in the Azeri press with many press outlets quoting our investigation directly. We were also featured by the BBC in Azerbaijan. Our investigation on Alkagesta was picked up following the arrest of Adnan Ahmadzada last week. Among the press outlets that quote us there is News 356…
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Maltese Police take interest in Alkagesta press reports: no formal investigation yet
Malta’s Police have taken an interest in Alkagesta following the arrest of Adnan Ahmadzada last week. The Police are currently reading online articles and trying to understand the story. No formal investigation has been opened and it is highly unlikely Malta’s Police will follow through given that the government has gutted the Financial Crimes Investigations…
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Baku wants to clean up its reputation and end Russian oil trades: Maltese authorities are unfazed
Our oil industry 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 reputation with regard to Russian oil. These efforts may also be in response to recent declarations made by President Donald Trump insinuating that Europeans should stop…
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Adnan Ahmadzada arrested in Azerbaijan over oil fraud
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…
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Alkagesta pays for a PR campaign in the Maltese press while it is being investigated
Alkagesta is cluttering the internet with articles filled with nonsense that are being published by the local press. Its articles have appeared in The Malta Independent and MaltaToday. I don’t find it surprising that some media outlets, but especially MaltaToday, have preferred to profit from an entity that is being investigated about trading in Russian…
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Malta’s contribution to the Russian Shadow-Fleet and the Russian oil trade
When there was the report of the large oil sale to Nigeria from Maltese territory, it was obvious that in Malta there was a large oil trader that had the capacity to trade massive volumes of oil in a short space of time. I also had the lingering suspicion that Malta was facilitating the Russian…