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Shareholder Of Royal Armenia Under Arrest

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  • Shareholder Of Royal Armenia Under Arrest

    SHAREHOLDER OF ROYAL ARMENIA UNDER ARREST

    A1+
    [12:56 pm] 03 October, 2007

    Gagik Hakobian, the leading shareholder in the Royal Armenia coffee
    company, was detained at Zvartnots airport the moment he returned
    from Spain.

    Gagik Hakobian had left Armenia to undergo medical treatment in Spain
    shortly after his release.

    Prosecutors challenged the sensational acquittal at the higher Court
    of Appeals which opened hearings on the case in late August. Hakobian
    failed to attend any of the Appellate Court hearings. The Court
    of Appeals ordered law-enforcement authorities to locate and again
    arrest the businessman, dismissing his assurances that he will return
    to the country after completing the treatment.

    Armenia's human rights ombudsman, Armen Harutyunyan, had petitioned
    the Court of Appeals last week to review the preventive punishment
    for the Royal Armenia owner.

    Obviously, the court had rejected the Ombudsman's petition.

    At 11:00, September 11, the RA Appellate Court will continue hearings
    on Royal Armenia.

    Gagik Hakobian, and Royal Armenia's deputy director Aram Ghazarian,
    were detained in October, 2005, after having publicly accused the RA
    Customs office of corruption.

    They were released after having spent 1.9 year in the National
    Security Service.
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