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DIASPORA BUSINESSMAN SWINDLED AND CHEATED IN ARMENIA
http://www.a1plus.am/en/politics/2011/11/18/nikolay-baghdasaryan
November 18, 2011
Serzh Sargsyan's brother Levon Sargsyan is involved in at least one
large-scale fraud, "Zhamanak" daily editor Arman Babajanyan said
on Friday.
With the participation of Levon Sargsyan, US Armenian businessman
Edmond Khudyan, who invested over 5 million dollars in Armenia,
was made bankrupt.
Who are Levon Sargsyan's 'accomplices'?
Vice President of the Chamber of the Advocates Nikolay Baghdasaryan
named businessmen Vladislav Mangasryan and Edik Yesayan who
appropriated Khudyan's properties without his knowledge and pocketed
millions of dollars.
According to Arman Babajanyan, Levon Sargsyan is the 'godfather'
of this trickery.
"It was Levon Sargsyan who introduced Vladislav Mangasryan to Edmond
Khudyan and sponsored all illegal transactions throughout that time,"
said the chief editor of Zhamanak daily.
Edmond Khudyan, who was participating in the news conference via
Skype also gave the name of Serzh Sargsyan's brother saying he 'made
investments in Armenia on Sargsyan's advice.'
What happened in reality?
Edmond Khudyan invested 5 million dollars in Armenia and developed
a high-rise building in the center of Yerevan. His partner and
contractor was Vladislav Mangasryan. Khudyan appointed Edik Yesayan,
his long-time friend, as director of the company.
In 2010, Vladislav Mangasryan, and EdikYesayan mutually decided to
sell the flats and pocket the money without Khudyan's knowledge. Later
they claimed that it was done to save the company from bankruptcy,
for everybody's benefit.
Since then E. Khudyan placed several lawsuits against the parties
to return stolen properties and to bring them to justice but those
efforts have been unsuccessful.
The lawyers today presented two similar cases of swindle masterminded
by the same people. They are going to establish a foundation that
will defend the rights of Diaspora businessmen.
http://www.a1plus.am/en/politics/2011/11/18/nikolay-baghdasaryan
November 18, 2011
Serzh Sargsyan's brother Levon Sargsyan is involved in at least one
large-scale fraud, "Zhamanak" daily editor Arman Babajanyan said
on Friday.
With the participation of Levon Sargsyan, US Armenian businessman
Edmond Khudyan, who invested over 5 million dollars in Armenia,
was made bankrupt.
Who are Levon Sargsyan's 'accomplices'?
Vice President of the Chamber of the Advocates Nikolay Baghdasaryan
named businessmen Vladislav Mangasryan and Edik Yesayan who
appropriated Khudyan's properties without his knowledge and pocketed
millions of dollars.
According to Arman Babajanyan, Levon Sargsyan is the 'godfather'
of this trickery.
"It was Levon Sargsyan who introduced Vladislav Mangasryan to Edmond
Khudyan and sponsored all illegal transactions throughout that time,"
said the chief editor of Zhamanak daily.
Edmond Khudyan, who was participating in the news conference via
Skype also gave the name of Serzh Sargsyan's brother saying he 'made
investments in Armenia on Sargsyan's advice.'
What happened in reality?
Edmond Khudyan invested 5 million dollars in Armenia and developed
a high-rise building in the center of Yerevan. His partner and
contractor was Vladislav Mangasryan. Khudyan appointed Edik Yesayan,
his long-time friend, as director of the company.
In 2010, Vladislav Mangasryan, and EdikYesayan mutually decided to
sell the flats and pocket the money without Khudyan's knowledge. Later
they claimed that it was done to save the company from bankruptcy,
for everybody's benefit.
Since then E. Khudyan placed several lawsuits against the parties
to return stolen properties and to bring them to justice but those
efforts have been unsuccessful.
The lawyers today presented two similar cases of swindle masterminded
by the same people. They are going to establish a foundation that
will defend the rights of Diaspora businessmen.