At the previous court session the prosecutor in the “Financial Pyramid” case filed a motion to apply 14 years of imprisonment, the prosecutor in the “Financial Pyramid” case in accusatory speech, the prosecutor also asked to apply against the only defendant in the case A. A. confiscation of the amount of 422 million AMD.
Today, the regular court session on the case took place in the Court of General jurisdiction of Kentron and Nork Marash communities (Presiding Judge Gagik Poghosyan). The prosecutor said that after studying the case materials, as well as the exchange rates at the time of the crime, he concluded that the amount needs to be decreased for about one and a half million drams.
In addition, one of the charge episodes was supplemented and amended. It referred to the injured party Artak Galstyan, and in particular the crime was given a new qualification.
The Defendant’s advocates asked for a term of 3 weeks to get acquainted with the new charge and then to birng motions.
The court decided to set the next court hearing on 19 June.
A. A. 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.
Gevorg Tosunyan
