Levon Hayrapetyan Released From House Arrest

Levon Hayrapetyan (Source: ArmRadio)
Convicted Russian-Armenian businessman Levon Hayrapetian (Source: Massis Post)

Convicted Russian-Armenian businessman Levon Hayrapetian (Source: Massis Post)

MOSCOW (Tert)—Levon Hayrapetyan, the Russian-Armenian businessman convicted over an oil company’s illicit sale, has been released from house arrest.

Hayrapetyan has been under house arrest since July 17, 2014.  He was charged with two counts of embezzlement: those of the funds sold by the company Bashneft, and an amount of $700,000, which he allegedly received from the mother of Igor Izmestev, a former senator of Bashkortostan, Russia.

The Prosecutor General’s Office of the Russian Federation did not confirm the charges in the second case, returning the materials for a repeated expert examination. Meanwhile, the 12 months’ maximum period for house arrest expired.

The probe into the circumstances of the latter proceeding was earlier reported to have been extended until November.

The businessman is accused for involvement in the sale of Bashneft company’s shares to the joint-stock financial corporation Sistema. Bashneft was later returned to the Russian state in the wake of an arbitration proceeding.


Discussion Policy

Comments are welcomed and encouraged. Though you are fully responsible for the content you post, comments that include profanity, personal attacks or other inappropriate material will not be permitted. Asbarez reserves the right to block users who violate any of our posting standards and policies.