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SHAREHOLDER OF ROYAL ARMENIA UNDER ARREST

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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.