ADVOCATES?

[Arpa]

ADVOCATES FOR DIASPORANS?

 

http://hyeforum.com/index.php?showtopic=10496&st=40&p=285749&hl=najarian&fromsearch=1entry285749

http://hyeforum.com/index.php?showtopic=21251&st=0&p=258643&hl=najarian&fromsearch=1entry258643

----

Is this genuine or yet another con job?

i.e. Now that everyone else have fleeced the Diasponas, it is OUR TURN?

---

http://www.armenianow.com/news/33364/chamber_advocates_diaspora_investmnets_cheating

 

News | 18.11.11 | 15:54

Armenian Chamber of Advocates creates a special group to defend Diaspora businessmen

By Gayane Mkrtchyan

ArmeniaNow reporter

A group of Armenian attorneys are collaborating to form a foundation to defend the rights of Diaspora investors. Announcement came Friday in a press conference called in the Chamber of Advocates.

Editor-in-chief of Zhamanak (Time) daily Arman Babajanyan, one of the initiators of the idea says the group hopes to “achieve the creation of an atmosphere in Armenia where a Diaspora Armenian feels defended and not deceived.” He went on to chastise the Ministry of Diaspora for its “pompous speeches”, and implicitly suggest that the ministry should uphold the cause.

Attorney Lernik Hovhannisyan presents American-Armenian business Edmond Khurdian’s case. “Khurdian made an investment to construct a 13-storied building on Mashtots Avenue; however, he has received no money back. The head of the company and its employees have robbed him and some other investors – about 20 people, whom Khurdian has involved in the case. A total of $7 million has been stolen from them,” Hovhannisyan says. Khurdian who joined the press conference via Skype, said with regret that he was deceived by his Armenian partner Vladislav Mangasaryan, who had been introduced to him by Levon Sargsyan (brother of President of Armenia Serzh Sargsyan). “They have generally appropriated $5 million. They have also shown that they lent Khurdian $2 million, however, in fact he did not sign any document about it,” Deputy Chairman of the Chamber of Advocates Nikolay Baghdasaryan says. A court claim was lodged yet in March; however, the director of the company has not been examined by now.

http://www.armenianow.com/news/33364/chamber_advocates_diaspora_investmnets_cheating

[Boghos]

Hell is full of people with good intentions, or so it is said. Not sure this is a good translation either, but it is done in good spirit ). Well, if advice from the brother of the President of a small republic where everybody knows everybody can't be relied upon, who can you trust for business purposes?

[Yervant1]

DIASPORA BUSINESSMAN SWINDLED AND CHEATED IN ARMENIA

 

http://www.a1plus.am/en/politics/2011/11/18/nikolay-baghdasaryan

November 18, 2011

 

Serzh Sargsyan's brother Levon Sargsyan is involved in at least one

large-scale fraud, "Zhamanak" daily editor Arman Babajanyan said

on Friday.

 

With the participation of Levon Sargsyan, US Armenian businessman

Edmond Khudyan, who invested over 5 million dollars in Armenia,

was made bankrupt.

 

Who are Levon Sargsyan's 'accomplices'?

 

Vice President of the Chamber of the Advocates Nikolay Baghdasaryan

named businessmen Vladislav Mangasryan and Edik Yesayan who

appropriated Khudyan's properties without his knowledge and pocketed

millions of dollars.

 

According to Arman Babajanyan, Levon Sargsyan is the 'godfather'

of this trickery.

 

"It was Levon Sargsyan who introduced Vladislav Mangasryan to Edmond

Khudyan and sponsored all illegal transactions throughout that time,"

said the chief editor of Zhamanak daily.

 

Edmond Khudyan, who was participating in the news conference via

Skype also gave the name of Serzh Sargsyan's brother saying he 'made

investments in Armenia on Sargsyan's advice.'

 

What happened in reality?

 

Edmond Khudyan invested 5 million dollars in Armenia and developed

a high-rise building in the center of Yerevan. His partner and

contractor was Vladislav Mangasryan. Khudyan appointed Edik Yesayan,

his long-time friend, as director of the company.

 

In 2010, Vladislav Mangasryan, and EdikYesayan mutually decided to

sell the flats and pocket the money without Khudyan's knowledge. Later

they claimed that it was done to save the company from bankruptcy,

for everybody's benefit.

 

Since then E. Khudyan placed several lawsuits against the parties

to return stolen properties and to bring them to justice but those

efforts have been unsuccessful.

 

The lawyers today presented two similar cases of swindle masterminded

by the same people. They are going to establish a foundation that

will defend the rights of Diaspora businessmen.

[Yervant1]

EDMOND KHUDYAN: A WORD OF WARNING TO SYRIAN-ARMENIANS BEFORE INVESTING IN ARMENIA.

 

http://hetq.am/eng/news/22410/edmond-khudyan-a-word-of-warning-to-syrian-armenians-before-investing-in-armenia.html

January 17, 2013

 

Hello, my name is Edmond Khudyan and I have a word of warning to

Syrian-Armenians thinking about investing in Armenia.

 

Before launching any commercial enterprise in Armenia, proceed with

caution when dealing with any officials, their relatives or any

so-called sponsoring services.

 

I have ample cause to declare the need for such precautions.

 

I was born in Tehran in 1965 and relocated to Armenia in 1971. I went

to school and worked in the Soviet Union until relocating to the U.S.

 

with my parents in 1989. There, I started a successful business.

 

Never for a minute did I give up on my dream of returning to Armenia

and starting a business. I got such an opportunity in 2004 when,

at the urging of influential people in Armenia, I decided to heavily

invest in the growing construction sector of the day.

 

Years later, I found myself facing the top tribunal in Armenia,

comprised of cheats and criminals. Through a series of deceptions

and frauds, they had wiped me clean.

 

My investments, like those of many other diaspora Armenians, were

seized and pocketed in a case involving the entire state system.

 

However, contrary to other diaspora Armenians, not only did I decide

to fight back and bring the guilty to justice, but I still believe

and dream about increasing my investments in Armenia.

 

Thus, I urge my Syrian-Armenian businessmen to proceed with the utmost

caution before dealing with any officials, their relatives or any

so-called sponsoring services.

 

Remember that undertaking large projects in Armenia demands courage

and dedication. Be aware that these traits alone will not guarantee

success and might often lead to bankruptcy and asset confiscation.

 

But all this should not serve as a reason for us to stop dreaming about

our participation and investment in forging a prospering Armenia. I am

confident that I will have my rights and property restored, if not by

the Armenian judicial system, then by applying to various international

legal tribunals. Such a victory would set a welcome precedent in

terms of defending the rights of diaspora Armenian investors.

 

I am ready to make all the services of the Committee to Defend the

Rights of Diaspora Armenian Investors, an organization I founded in

conjunction with other concerned individuals in the diaspora and

Armenia, available to my Syrian-Armenian brothers and sisters who

face similar violations of their rights in the homeland.

 

Given the conditions of corruption and impunity that reign in Armenia,

it is imperative that we diaspora Armenians remain united and support

one another.

 

We must never permit any authority in Armenia, their family or friends,

to trample our dream to relocate to our homeland and, by investing

our own sweat and sacrifice, to make it flourish.

 

Edmond Khudyan

 

 

U.S.A.