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New offshore scandal linked to Armenian PM - newspaper
June 22, 2013 | 08:57
YEREVAN. - Processes are taking place outside Armenia which could
cause yet another scandal, 168 Zham daily reports.
`And the name of [Armenian] PM Tigran Sargsyan may again be circulated
in this. It refers to the story about the Nairit [rubber] plant [of
Armenia].
The Interstate Bank vs. Rhinoville Property Limited trial was held
[and again adjourned] in Moscow. To note, the management of Nairit had
been handed over to this company and the Interstate Bank had granted
it a loan [worth] around $170 million.
Rhinoville Property Limited, which again is registered in the offshore
zone, refuses to repay this loan, and the Government of Armenia might
have to repay it, since it was the guarantor of the [loan] borrower
company.
Whether or not the Russian Rosneft Company will purchase Nairit also
depends on the repayment of this loan,' 168 Zham writes.
http://news.am/eng/news/159276.html
From: Baghdasarian
June 22, 2013 | 08:57
YEREVAN. - Processes are taking place outside Armenia which could
cause yet another scandal, 168 Zham daily reports.
`And the name of [Armenian] PM Tigran Sargsyan may again be circulated
in this. It refers to the story about the Nairit [rubber] plant [of
Armenia].
The Interstate Bank vs. Rhinoville Property Limited trial was held
[and again adjourned] in Moscow. To note, the management of Nairit had
been handed over to this company and the Interstate Bank had granted
it a loan [worth] around $170 million.
Rhinoville Property Limited, which again is registered in the offshore
zone, refuses to repay this loan, and the Government of Armenia might
have to repay it, since it was the guarantor of the [loan] borrower
company.
Whether or not the Russian Rosneft Company will purchase Nairit also
depends on the repayment of this loan,' 168 Zham writes.
http://news.am/eng/news/159276.html
From: Baghdasarian