Relationship between factory and Naregatsi Art Institute?
Director General of Yerevan Clock Factory OJSC Norayr Chradyan has responded to the rumors in the presses according to which Director of Nargeatsi Art Institute Narek Harutyunian is one of the factory's shareholders and the case against him is related to the intention of stealing that share from him.
Rumor has it that the case against Hovhannes Alexanyan, who has rented the territory of Yerevan Clock Factory OJSC, is also linked to the criminal persecution against Narek Harutyunian.
"We inform that the persecution against Levon Marcos had been declared in 2005, and after a struggle with the government, Levon Marcos, as an investor, lost all of his investments made in Armenia (three markets in Yerevan, shares in Yerevan Packaging Production Unit OJSC, "Vana Litch" Restaurant-Complex in Ashtarak and more).
Levon Marcos is not a shareholder of Yerevan Clock Factory OJSC and owns 53 percent of shares in Marcos Holding Ltd.
Citizen Hovhannes Alexanyan has set up casinos in the territory that he has rented, and a criminal case has been instigated in relation to that. Yerevan Clock Factory OJSC is not interested in what the outcome of that case will be, that is, whether the person renting that territory set up casinos, which was a violation of administrative law or a crime. The leasing contract with Hovhannes Alexanyan has been terminated.
We also inform that Narek Harutyunian is not a shareholder of Yerevan Clock Factory OJSC, and the criminal case presented in the media has nothing to do with Yerevan Clock Factory OJSC," the factory director Chaghyan declared.
