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American-Armenian Investor Plans To Sue Armenian Government

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  • American-Armenian Investor Plans To Sue Armenian Government

    AMERICAN-ARMENIAN INVESTOR PLANS TO SUE ARMENIAN GOVERNMENT
    Narek Aleksanyan

    http://hetq.am/eng/news/20020/american-armenian-investor-plans-to-sue-armenian-government.html
    15:20, October 30, 2012

    American-Armenian businessman Edmond Khudyan, who claims he's been
    swindled out of millions in a case involving his Arin Capital &
    Investment Corporation, says he's planning to take the government of
    Armenia to court.

    Khudyan, in his statement, laments the fact that he has not been
    able to pursue his legal case in Armenia's court system and that his
    so-called business partners in Armenia are protected by top ranking
    officials in government.

    Deputy Minister of Diaspora Affairs Davit Karapetyan said during
    a press conference regarding such cases that the ministry can only
    afford free legal advice and has no jurisdiction to pursue such
    matters in the courts.

    He argued that according to the RA Constitution the courts are a
    independent branch of the government.

    Khudyan's attorney, Nikolai Baghdasaryan, responded to this statement
    rhetorically. "The government allocates 1.366 million AMD to the
    Chamber of Advocates and that amount has doubled so that such advice
    will be again be provided to diaspora Armenians. So why is the Diaspora
    Ministry conducting such work when professional lawyers are providing
    the same?"

    Edmond Khudyan, who participated in the interview via a video link-up,
    declared that he had received no assistance from the Ministry and
    that the Armenian court system was committing a crime by covering up
    the case.

    Lernik Hovhannisyan, another Khudyan lawyer, said there was no
    information regarding what steps the investigative body working the
    case had conducted during the past year.

    "We know the people who should be charged. Company director Edward
    Yesayan failed to pay some 139 million AMD in taxes. The developer Vlad
    Mangasaryan has embezzled millions of dollars by forging Khudyan's
    signature but he has yet to be charged," stated Hovhannisyan, adding
    that it appears that the RA Prosecutor General has issued instructions
    not to examine the case at all.



    From: Emil Lazarian | Ararat NewsPress
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