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Head Of "Vmg Group" Arrested With Fraud Charges

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  • Head Of "Vmg Group" Arrested With Fraud Charges

    HEAD OF "VMG GROUP" ARRESTED WITH FRAUD CHARGES

    http://www.arminfo.am/index.cfm?objectid=71D2FA70-6156-11E2-AD2DF6327207157C
    Friday, January 18, 13:01

    The head of "VMG Group" CJSC, Vladislav Mangaseryan, was arrested
    in Armenia. He has become especially known after bankruptcy of a
    businessman from the Armenian Diaspora, Edmon Khudoyan.

    As press-service of the Armenian Police told ArmInfo correspondent,
    Vladislav Mangasaryan, was arrested on January 17 after midnight
    by employees of the Nor-Nork department of Police. He was in the
    wanted list from January 16 with fraud charges. Mangasaryan has been
    sent to Nubarashen penitentiary. The details of Mangaseryan's case
    are not clear yet. However, it is supposed that he was arrested on
    Khudoyan's case.

    To note, the American-based Armenian businessman Edmon Khudoyan has
    been accusing Mangasaryan for being a member of the criminal group
    that embezzled $8.5 million equivalent real estate property and $1.5
    million equivalent sums from his "Arin Capital" investment company
    he established in Armenia. He said that the criminal group is under
    the patronage of the Armenian president's brother, Levon Sargsyan.

    However, when talking to ArmInfo correspondent, Levon Sargsyan
    disproved these accusations calling them false. "I have nothing in
    common with the deeds which Khudoyan has been trying to blame me for.

    Today any man may accuse another one without proof", - Sargsyan said.

    When commenting on Khudoyan's initiative to appeal to the European
    Court for Human Rights, Sargsyan said that is his own right and he
    can do what he wants.

    To note, earlier Mangaseryan said at the press-conference that he is
    an honest man and has nothing in common with any criminal groups.




    From: A. Papazian
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