The accusation of the “Financial Pyramid” case was declared today in the Court of General Jurisdiction of Kentron and Nork-Marash Administrative Districts, under the presidency of the judge Gagik Poghosyan. The final punishment of 10 years in prison with confiscation of personal property of the amount of 200 million AMD was set for Arthur Andreasyan.
The mother of the accused turned to the judge: “God gave you a chance, but you did not use it” (she meant the fact that the judge has had an accident recently). As a reply the judge said: “you- You.” The mother of the accused apologized and left the court room.
In the court room she was insisting that her son was not guilty and even the President knew about it.
Arthur Andreasyan was charged for the fact that as a result of his bookmakers activities and for foreign exchange trading he became actually insolvents, and in June 2010, he decided to take an advantage of the close connections with Colonel Karen Babakekhyan, Major General Nerses Nazaryan who hold senior positions in the RA Police at the Government, as well as the relations with Nerses Nazaryan’s son Armen Nazaryan, who was the owner of the network of “Moskvichka” stores that operates in Yerevan, and also the close relations with their family members to use the trust which he had gained among those people and by exploiting this trust under the preposition of investing the funds in entrepreneur activities and to gain profit for this had theft particularly large amounts from different citizens and obtained the property right on their real estate.
Details in the video.