Furies Bia Investments Limited

Furies Bia Investments Limited is a company registered in the UAE.[1090] [1034] In 2018, it was jointly owned by Farnoush Farsiar-Aidi and Robert John Baker.[11] It is closely linked to Farsiar’s Plato Capital, a Dubai-based investment fund,[209] as it owns 1% of an Azerbaijan-based company associated with the fund, which Farsiar ultimately controls.[1090] [1034]

Furies Bia held accounts at Malta’s Pilatus Bank,[341] which was shuttered in 2018 over systemic failures to comply with anti-money laundering regulations,[587] and it was one of the companies used by Baker and Farsiar-Aidi for the management of accounts owned by Leyla and Arzu Aliyeva and Tale and Nijat Heydarov, the sons of Kamaladdin Heydarov.[587] [11]

Furies Bia Investments was part of an interconnected network of shell companies that paid funds into a Dubai bank account held by Palma Management Consulting DMCC,[146] [11] an anonymous shell company that investigators said “might have been used as a payment hub” benefitting senior Azerbaijani political figures.[11] Furies Bia Investments paid Palma Management Consulting $150,000 and 547,895 AED ($149,166).[11] [425] In November 2015, Furies Bia Investments also received $1 million from Sahra FZCO, one of Leyla and Arzu Aliyeva’s companies in the UAE.[11]