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DID NERSIK NAZARYAN HEAD FINANCIAL PYRAMID
The Armenian Time reported that the dismissal of the chief of police
of Yerevan Nersik Nazaryan might be related to the story reported
by this newspaper earlier on the financial pyramid set up by some
high-ranking police officials which took money from citizens by fraud
and did not pay back.
The newspaper reported that soon dismissal of several other
high-ranking police officials is expected, including at least a chief
of police of one of the regions. The "turnover" of the abovementioned
financial pyramid was reportedly 2.5 million dollars. It is possible
that the case will be covered up and much noise will be avoided by
these dismissals.
Note that the chief of police Vova Gasparyan tried earlier in summer
to get rid of Nersik Nazaryan. He even sent him on leave and did
everything he could to prevent his return. But Nazaryan was able to
resolve his issues over Gasparyan's head and returned.
Recently Nazaryan is having problems with his businesses. He was
said to have difficulties repaying a loan of 6 million dollars. His
family business in China failed, the Armenian Time reports, noting
that Nersik Nazaryan's business abilities are impressive, they are
supported by his close connections with the Armenian oligarchs. But
he was a high-ranking police official to the extent it helped him
reinforce his connections so it is interesting whether his dismissal
will strengthen or weaken his connections.
Nersik Nazaryan was replaced by Ashot Karapetyan, the head of general
department of criminal investigation. Gagik Avetisyan, the ex-head
of police of Armavir region, was appointed head of general department
of criminal investigation.
10:16 16/04/2013 Story from Lragir.am News:
http://www.lragir.am/index.php/eng/0/country/view/29635
The Armenian Time reported that the dismissal of the chief of police
of Yerevan Nersik Nazaryan might be related to the story reported
by this newspaper earlier on the financial pyramid set up by some
high-ranking police officials which took money from citizens by fraud
and did not pay back.
The newspaper reported that soon dismissal of several other
high-ranking police officials is expected, including at least a chief
of police of one of the regions. The "turnover" of the abovementioned
financial pyramid was reportedly 2.5 million dollars. It is possible
that the case will be covered up and much noise will be avoided by
these dismissals.
Note that the chief of police Vova Gasparyan tried earlier in summer
to get rid of Nersik Nazaryan. He even sent him on leave and did
everything he could to prevent his return. But Nazaryan was able to
resolve his issues over Gasparyan's head and returned.
Recently Nazaryan is having problems with his businesses. He was
said to have difficulties repaying a loan of 6 million dollars. His
family business in China failed, the Armenian Time reports, noting
that Nersik Nazaryan's business abilities are impressive, they are
supported by his close connections with the Armenian oligarchs. But
he was a high-ranking police official to the extent it helped him
reinforce his connections so it is interesting whether his dismissal
will strengthen or weaken his connections.
Nersik Nazaryan was replaced by Ashot Karapetyan, the head of general
department of criminal investigation. Gagik Avetisyan, the ex-head
of police of Armavir region, was appointed head of general department
of criminal investigation.
10:16 16/04/2013 Story from Lragir.am News:
http://www.lragir.am/index.php/eng/0/country/view/29635