Azerbaijani State Oil Fund (SOFAZ) has no plans to invest in securities and other financial instruments in Hungary, it said, according to Trend News.

Information on the purchase of Hungarian securities by Azerbaijan came after the release of Azerbaijani officer.

According to earlier reports, Ramil Safarov, convicted in Hungary over the murder of Armenian lieutenant was extradited to Azerbaijan in exchange for Azeri purchase of Hungarian securities worth Euro 2-3 billion.

SOFAZ slammed the report as “false.” Azeri sources, however, report that Safarov was extradited following a certain “deal” struck between Hungary and Azerbaijan.

Safarov, the Azerbaijani army officer who was serving a life sentence in Hungary for axing to death Armenian Lt. Gurgen Margaryan, was extradited to Azerbaijan and pardoned by Azerbaijani President Ilham Aliyev.

Official Yerevan reacted by suspending diplomatic ties with Hungary.