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 A. A.
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.
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.
Details in the video.
Other cases of this process
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Today, the Criminal Court of Appeal passed the Sentence on the Case of the “Financial Pyramid”
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The Verdict on the Case of the “Financial Pyramid” will be published Today
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The Victim in the Case of “The Financial Pyramid” wants the Former High-Ranking Police Officials to be charged
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The Case of the Financial Pyramid: Prosecutor is absent in the Hearing of the Appeal. Prosecution does not present Reasoning to the Court.
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“If this verdict enters into force, every second citizen of the Republic of Armenia will be threatened:” The Case of the Financial Pyramid.
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10 Years in Prison and Exaction of 200 Million AMD: the Defendants’’ Lawyer appeals the Verdict
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“God gave you a chance, you did not use it”- said the mother of the accused: The accusation of “Financial Pyramid” case
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They will imprison me: The last word of the accused of the “Financial Pyramid” case
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A 1.5 Million USD worth Mine was alienated for 800 Thousand Dollars: The “Financial Pyramid” Case
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The Prosecutor had requested 14 Years in prison and confiscation of 422 Million AMD, but the Charge was amended
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Prosecutor made a Motion to sentence the Defendant to 14 Years in Prison and Confiscation of Money in the Amount of 422 Million AMD
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According to the Defendant the Injured Party has confused the Law Authorities
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Judge: “NKR is not Europe, why doesn’t the Aggrieved Party appear in Court?”
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According to the Defendant, the Victim was advertising himself by manipulating Vano Siradeghyan’s Name
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The Defendant told about the 1 million Dollar Debt, Vano Siradeghyan and Senior Police Officials
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Were Vano Siradeghyan and Senior Police Officials behind the “Financial Pyramid”?
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What Connection did the Colonel of Police Forces Karen Babakekhyan have with the Defendant of the Case “Financial Pyramid”?
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The Son of Former Mayor of Yerevan was Insulted by the Investigator`s Question, and He Told about 8-mln USD Business Loans
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“You want to kill me as a mother”, defendant`s mother turns to the judge on the case of “Financial Pyramid”
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9000 USD is no big difference for the victim. “Pyramid Case”
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“Money is not butter, it didn`t melt”. Victims on the “Financial pyramid” case testified
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Finally one victim was questioned on the “Financial pyramid” case
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I Put into Question what the Doctor has Written and I`ll Apply to Respective Bodies. The Court Sitting was Postponed
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Court Session of the Case of “Financial pyramid” was postponed. Emergency was called for the accused
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He Gave the Names of Nersik Nazaryan and Karen Babakekhyan, Stating that He Had Connection with them. The Victim Testified on the Case of “Financial Pyramid”
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I Borrowed Money, but I didn`t Cheat on Anybody. Defendant
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“This has become a Practice that your Defendant feels bad during each Session,” Judge
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The Health Conditions of the Defendant on the Case of “Financial Pyramid” Stays Critical
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The Trial on the Case of “Financial Pyramid” was Postponed
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The Health Condition of the Defendant on the Case of “Financial Pyramid” is Critical
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