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Inside the $60 Million Business Network of Baylar Eyyubov’s Brother

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 Authors: Mikroskop Media and Meydan TV

A five-star hotel located on the banks of the Vltava River, which divides Prague in two, promises guests a unique city view, as advertised. With views of Prague Castle from its rooms, this hotel has been operating since the 1990s.

“The most modern design, maximum comfort, an excellent location, and a breathtaking view…” is how the company managing the hotel describes it on their website.

The 2015 change in ownership was significant enough to draw interest from Czech journalists.

President Hotel in Prague. Photo: Mikroskop Media / Javid Abdullayev

 “Real estate in the Czech Republic is a safe haven for Russian investors, especially in cities like Prague and Karlovy Vary. Among them is Russian billionaire Rafig Hasanov, who purchased and owns the President Hotel,” reported local media in 2022.

Although introduced as a Russian businessman, Rafig Hasanov has deep ties to Azerbaijan. Journalistic investigations revealed that despite different surnames, Rafig Hasanov is the brother of Baylar Eyyubov, head of Azerbaijan’s Security Service. He is known by the surname Eyyubov in Azerbaijani society, but like other members of the Eyyubov family, his official surname in documents is Hasanov.

Area around the President Hotel. Photo: Mikroskop Media / Javid Abdullayev

An investigation by Mikroskop Media and Meydan TV also revealed that the President Hotel is only a small part of Rafig Hasanov’s wealth empire. In addition to the hotel, he owns properties and businesses worth approximately $51 million (around 86.7 million AZN) in the Czech Republic, the United Arab Emirates, and the United Kingdom.

This includes a golf resort in Karlovy Vary and at least four luxury villas in Dubai.

In Russia, until 2022, he owned assets and businesses valued at $9 million (about 15 million AZN), including an 18th-century registered cultural heritage mansion in Moscow. As of a 2020 report, a French restaurant called “Parisienne” has operated there since 2003, with a listed sale price of over $2 million. Hasanov also owns other properties and apartments in various parts of Moscow.

Due to restrictions on the Russian registry, it’s unclear whether he still owns those properties.

The source of this multi-million-dollar fortune raises serious questions.

Rafig Hasanov has not responded to journalists’ inquiries regarding the origin of the funds used to acquire his businesses and properties.

What does Rafig Hasanov do in Azerbaijan?

There’s limited publicly available information about Hasanov’s business activities in Azerbaijan. The general’s brother’s only known business in the country is “Vinagro” LLC. This company is the main shareholder of the Goygol Wine Factory, owning 99.98% of the factory’s shares. According to the company website, Rafig Hasanov is the 100% shareholder of Vinagro.

Although journalists could find only limited public information about Hasanov and his businesses, the Eyyubov family’s Georgian associate Lasha Papashvili described him as a wealthy businessman.

“He is a very rich businessman and one of the biggest players in Azerbaijan’s real estate and tourism sectors,” Papashvili said, adding that Hasanov is also a major producer of alcoholic and soft drinks.

Journalists previously revealed the Eyubov-Papashvili partnership. A 2023 investigation showed the Eyubov family co-owned a hotel in Georgia through this partnership.

Another Azerbaijani-registered company linked to Hasanov is “Polymer Investments” LLC. According to a 2019 state media report, this company owned a 5% stake in the state-owned “SOCAR Polymer,” which produces polypropylene and high-density polyethylene. (Polypropylene is a synthetic white or colorless transparent solid fiber used to make pipes, films, etc. Polyethylene is a synthetic material.) Since “SOCAR Polymer”’s published financial reports do not disclose information about its shares, journalists have been unable to determine how the stake of “Polymer Investments” LLC has changed in the following years.

According to the State Tax Service’s commercial registry, Rafig Hasanov remains the legal representative of Polymer Investments LLC. However, since information about company owners and shareholders is not publicly available in Azerbaijan, it has not been possible to determine who founded and owns this company, or whether it belongs to Rafig Hasanov.

In 2019, President Ilham Aliyev awarded Hasanov the “Progress” medal for his entrepreneurial activity, based on a decree recognizing outstanding figures in business.

How did journalists confirm they are brothers?

Rafig Hasanov was born on October 25, 1967. Azerbaijani media has previously referred to him as Baylar Eyyubov’s brother, sometimes using the surname Eyyubov. But journalists discovered that, like other members of the Eyyubov family, his official surname is Hasanov in public records and electoral rolls.

Hasanov was once registered at the same address in Azerbaijan as Baylar Eyyubov’s sister, Gaze Hasanova. Journalists also found a social media post by Eyyubov’s nephew showing a photo of Rafig Hasanov and Baylar Eyyubov together.

Baylar Eyyubov with his brother Rafig Hasanov. Photo: Personal Archive

Furthermore, documents from the non-profit investigative group C4ADS reveal that both brothers purchased similar villas side by side on Dubai’s Palm Jumeirah in the same period. After January 2023, Baylar Eyyubov transferred his villa — with six bedrooms and a pool — to his brother. The property’s rental listing states the annual rent is $870,000.

Hasanov owns more than one property on Palm Jumeirah. He also holds two apartments and two penthouses in the exclusive “Shoreline Apartments” complex. These units feature 2-3 bedrooms, with two located on the 10th floor. 

Another one-bedroom apartment is located in “Matrix Tower” in the Al Hebiah Fourth district. All of these properties, including those in Shoreline Apartments, are rented out. Some of Hasanov’s other purchased apartments in Dubai were part of the “Cube” and “Dubai Pearl North Tower” projects, totaling 15 units, though these projects were eventually cancelled.

Hasanov is also neighbors with Baylar Eyyubov’s family in London, via an offshore company.

After a 2022 UK law required offshore companies to disclose their real owners, an entity called “Nubax Holdings Ltd” listed Rafig Hasanov as its shareholder, confirmed via date of birth. UK land records show that Nubax Holdings Ltd owns a four-room apartment worth £950,000 on the fifth floor of Visage Apartments in London.

In the same building, Baylar Eyyubov’s daughter Elvira Eyyubova owns two penthouses and an apartment, all acquired through offshore structures and valued at several million dollars.

Elvira Eyyubova and other family members did not respond to journalists’ inquiries.

Businesses and Properties in the Czech Republic

Although Hasanov’s Azerbaijani business dealings are difficult to trace, records from 2011–2019 reveal significant assets in the Czech Republic worth approximately $44 million — about 74.8 million AZN at current rates.

According to obtained documents, the security chief’s brother spent €23.5 million (approx. 27 million AZN at the time) on the President Hotel in 2015. At the same time, Czech media presented him as a Russian businessman, due to his dual Azerbaijani-Russian citizenship.

Until 2022, Hasanov used his Russian citizenship to acquire assets in Russia and the Czech Republic. In Georgia, he preferred using his Azerbaijani passport. In 2022, he updated citizenship details in Czech company records to reflect his Azerbaijani nationality,  likely in response to the Russia-Ukraine war.

The President Hotel also hosted multiple official events by Azerbaijan’s embassy in the Czech Republic. For instance, on May 11, 2023, a chess tournament and reception commemorating the 100th anniversary of late President Heydar Aliyev’s birth were held in the hotel’s conference hall. The event was organized by the Azerbaijani embassy and supported by the Czech Chess Federation.

Chess tournament at President Hotel in honor of Heydar Aliyev’s 100th birthday

In February that year, the same hotel hosted a memorial for the anniversary of the Khojaly Massacre. In previous years, the Azerbaijani embassy held events at the hotel commemorating Nizami Ganjavi’s 880th anniversary, Victory Day on November 8, Independence Day on May 28, and the 30th anniversary of the January 20 tragedy.

Golf tournaments co-organized by the Heydar Aliyev Foundation

Since 2014, Rafig Hasanov’s Czech golf resort “Golf Resort Cihelny” has hosted annual golf tournaments on Heydar Aliyev’s birthday. A total of seven tournaments were held up to 2022 (excluding 2020 and 2021).

These tournaments were sponsored by various organizations, including the Heydar Aliyev Foundation, Azerbaijan’s embassy in the Czech Republic, Mercedes Benz, Porsche, and others.

Despite multiple inquiries, neither Rafig Hasanov nor his associates have provided answers about the sources of funding for his wealth or whether Baylar Eyyubov played a role in acquiring the assets.

Authors: Mikroskop Media and Meydan TV – Collaboration with vlast.kz

The post Inside the $60 Million Business Network of Baylar Eyyubov’s Brother appeared first on MEYDAN.TV.

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Russia revokes citizenship of Azerbaijani diaspora leader Islam Huseynov

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Islam Huseynov, the head of the Azerbaijani diaspora and an advisor to the governor of Russia’s Ulyanovsk region, has been stripped of his Russian citizenship.

The official reason has not yet been announced, and Huseynov himself has declined to comment.

According to RBC sources, the decision was made on October 14 by the Ulyanovsk Regional Department of the Ministry of Internal Affairs, based on a request from the Federal Security Service (FSB).

The 56-year-old Huseynov has lived in Ulyanovsk for 20 years and has led the Azerbaijani diaspora since 2005.

Azerbaijani President Ilham Aliyev awarded Huseynov the “Progress” Medal, while the Ulyanovsk regional government honored him with the “Friendship of Peoples” Medal.

Relations between Russia and Azerbaijan have remained tense over the past 10 months. The tension began after the December 25, 2024 crash of an AZAL aircraft in Kazakhstan, which killed 38 of the 67 passengers. Baku blamed Moscow for the incident, demanding an apology and compensation. Russia, however, urged patience until the investigation’s results were released.

In June 2025, the deaths of Azerbaijani nationals in Yekaterinburg, allegedly as a result of torture, along with injuries to others, were described by Baku as “ethnic pressure.” Pressure on Azerbaijani businessmen in Russia further escalated tensions.

In response, Azerbaijan shut down “Sputnik Azerbaijan”, suspended the operations of the “Russian House”, and arrested several Russian citizens.

On October 9, during a meeting in Dushanbe, Russian President Vladimir Putin apologized to President Ilham Aliyev over the crash and pledged to pay compensation. The next day, the head of “Sputnik Azerbaijan” was released from custody.

Huseynov had previously faced criminal charges in 2015, accused of large-scale fraud and money laundering related to the acquisition of a municipal land plot. Investigators alleged he purchased the land for 776,000 rubles, despite its market value being 6 million rubles, and began constructing a residential building instead of the promised hotel.

The court found him guilty of fraud but acquitted him on the money-laundering charge. He was sentenced to four years of probation and fined 1 million rubles. Huseynov pleaded not guilty.

There have been two assassination attempts against him: the first in 2009, when the attacker mistakenly injured a Ulyanovsk customs officer and his wife, and the second in 2012, during which Huseynov’s bodyguard was killed.

In 2022, Huseynov was appointed as an advisor to Governor Alexey Russkikh on a voluntary basis.

The post Russia revokes citizenship of Azerbaijani diaspora leader Islam Huseynov appeared first on MEYDAN.TV.

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European Court rules in favor of Azerbaijani journalist Ramin Deko

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The European Court of Human Rights has issued another ruling against the Government of Azerbaijan.

The decision concerns an application filed by journalist Ramin Jabrayilzada (Deko), who is currently in prison, regarding freedom of information.

Ramin Jabrayilzada (Deko) was detained on December 6, 2024, in connection with the “Meydan TV case.”

He was initially charged under Article 206.3.2 of the Criminal Code (smuggling committed by a group of persons acting in collusion), and a court ordered his pretrial detention.

On August 28, 2025, the charges in the “Meydan TV case” were increased. Currently, 12 people arrested in this case are being charged under seven different articles of the Criminal Code.

In 2012, Jabrayilzada sent a request for information to the Presidential Administration, asking for the following data:

  • A list of well-known individuals — artists, athletes, and officials — who had been granted apartments by presidential decrees;
  • The financial sources for these apartments;
  • Whether the state owned any other housing funds and whether the Baku City Executive Authority had any powers over those funds.

The Presidential Administration did not respond to the journalist’s request.
Jabrayilzada therefore filed a lawsuit, but the domestic courts rejected his claim.
After that, he appealed to the European Court of Human Rights.

In its judgment, the European Court stated that the journalist was fulfilling the function of a “public watchdog” and that the requested information was necessary for his professional activities.
The Court further noted that the information sought related to an issue of significant public interest, namely the distribution of state-funded apartments to citizens.

In this case, the Presidential Administration neither determined who held the information, nor forwarded the request to the relevant authority, nor responded to the applicant at all.
The domestic courts failed to address this inaction and merely stated that the journalist had “applied to the wrong authority.”

The Court concluded that the behavior of the Presidential Administration was “not prescribed by law” and constituted an interference with the journalist’s freedom of information.
Accordingly, the European Court found a violation of Articles 10 (freedom of expression) and 13 (right to an effective remedy) of the European Convention on Human Rights.

The Court also noted that the mere finding of a violation in this case was sufficient compensation for any moral damage the applicant might have suffered, and therefore no monetary compensation was awarded.

The post European Court rules in favor of Azerbaijani journalist Ramin Deko appeared first on MEYDAN.TV.

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Detained opposition members Ruslan Izzatli and Akif Gurbanov call on president to free journalist Shamshad Agha

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Members of the Founding Board of the Third Republic Platform, Ruslan Izzatli and Akif Gurbanov, who are currently imprisoned in connection with the “Toplum TV case,” have appealed to the president on behalf of Shamshad Agha, the editor-in-chief of argument.az, who is in custody as part of the “Meydan TV case.”

Akif Gurbanov and Ruslan Izzatli were arrested in connection with the “Toplum TV case.”

The arrests related to the “Toplum TV case” began in March 2024.

In total, 10 people have been charged in this case.

Initially, they were accused of smuggling, but the charges were later made more severe.

In their appeal, they called for the release of journalist Shamshad Agha, who remains under arrest:

“As you have repeatedly stated, it is you who determines what happens in the country and when, and it is you who makes the decisions. Even though there has been no court verdict against us and your investigative bodies have yet to ‘prove’ anything, you have, through several public statements, presented us as guilty of crimes that have not been proven, thereby openly showing that you stand behind the persecution against us. Thus, it is evident not only to us but to the entire public of the country and the world that we are facing this persecution by your will. As a result, what has been done to us is inconsistent with the Holy Qur’an, upon which you have sworn, the Constitution of the Republic, and the political and legal ethics of the civilized world.”

It was noted in the appeal that Shamshad Agha’s wife is suffering from a “serious, life-threatening illness” and urgently requires surgery.

“Unfortunately, the surgery carries a life-threatening risk, and doctors cannot provide a clear prognosis—they emphasize that the risk is high. Shamshad Agha’s family consists of four members, including two young children under his care. Under these circumstances, it is vitally necessary for Shamshad Agha, as the head of his family, to be by his wife’s side, to help organize her treatment, and to care for his children.”

Shamshad Agha was arrested on February 5 in connection with a criminal case linked to Meydan TV.

He was charged under Article 206.3.2 of the Criminal Code (smuggling committed by a group of persons by prior conspiracy), and the court ordered his pre-trial detention.

Currently, 12 people in total are under arrest in connection with this case.

On August 28, 2025, the charges in the “Meydan TV case” were made more severe, with seven additional charges added.

They also emphasized that these persecutions affect the families’ lives:

“We are aware that the unjust persecution we face, whether openly or covertly, also affects our family members, friends, and loved ones. They too are subjected to various hardships. However, we are not going to step back from the principles we have declared or from our path toward establishing the Third Republic in our country. Once again, we bring to your and society’s attention that we will not submit to the ‘One-Man’ regime you have built. We are determined to continue our struggle against your crude, arbitrary, and materialistic system using only peaceful and civil means, based on the law, our moral strength, and our republican ideals.”

The politicians wrote that since the investigation into the “Meydan TV case” has been completed, there are no longer any grounds to claim that Shamshad Agha might influence the case or attempt to flee the country.

“The preliminary investigation in the ‘Meydan TV case’ has already been completed. Therefore, there are no longer any formal reasons to suggest that Shamshad Agha might interfere with the case or try to leave the country. Thus, it is solely within your power to allow Shamshad Agha, at this difficult time, to be with his family, to help with his wife’s treatment, and to care for his children,” they emphasized in their letter.

The post Detained opposition members Ruslan Izzatli and Akif Gurbanov call on president to free journalist Shamshad Agha appeared first on MEYDAN.TV.

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