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Hermineh Naghdalyan's Interest Rate

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  • Hermineh Naghdalyan's Interest Rate

    Hermineh Naghdalyan's Interest Rate

    Story from Lragir.am News:
    http://www.lragir.am/engsrc/comments26414.html

    Published: 16:28:16 - 02/06/2012


    8 apartments of the block at 14/3 Gevorg Chavush Street, Yerevan, are still
    handled by the vice speaker Hermineh Naghdalyan, and her husband Davit
    Beglaryan, ex-head of the tax service of Artashat. The management of
    Norashen 2007 residential building had received advance payments from their
    beneficiaries. However, the management faced shortage of money and pledged
    the apartments to different persons to borrow money from them to finish
    construction.

    They borrowed money from Hermineh Naghdalyan and his husband against14
    apartments pledged as collateral. 6 owners have been able to get back their
    apartments, 8 are still handled by the spouses. The managers of Norashen
    2007, Lusabek Samvelyan and Armen Tadevosyan who are arrested now claim
    that they borrowed 300,000 dollars from them and pledged 14 apartments as
    collateral, whereas the spouses claim that they bought the apartments
    paying 260 dollars per sq m.

    The beneficiaries say the company sold the apartments for 500 dollars per
    sq m so why should they have agreed to sell them to Naghdalyan for 260
    dollars. The arrested managers of the company also state the same thing. In
    the beginning the prosecutor's defined the case as usury but a week later
    the charges were dismissed. Mkhitar Hambardzumyan, an affected beneficiary,
    told the reporter of Lragir.am. His apartment now belongs to Naghdalyan and
    her husband.

    The deceived beneficiaries filed a suit, demanding back their apartments.
    Mkhitar Hambardzumyan says Naghdalyan and her husband demanded extra money
    from them to return their apartments. From him they demanded 5000 dollars.
    He has met with Hermineh Naghdalyan's husband twice, he told him he would
    agree to buy the apartment from Mkhitar for 15,000 dollars or could sell
    him the apartment for 5000 dollars. He declined this offer because he had
    paid 23,000 dollars in advance to buy an apartment and now he would lose
    8000 dollars.

    Earlier the deceived citizens had informed that other officials are
    involved in this fraud, namely Razmik Avagyan, the head of legal department
    of the SRC. The citizens say before the arrest of the management of
    Norashen 2007 the officials who had lent money with interest did not hide
    that they lent money for interest. After their arrested they announced that
    they had bought those apartments. 25 citizens are still fighting to get
    back their apartments.

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