LEADERS OF "ROYAL ARMENIA" COMPANY ARE FOUND NOT GUILTY

Noyan Tapan
Jul 18 2007

YEREVAN, JULY 18, NOYAN TAPAN. Gagik Hakobian and Aram Ghazarian,
the leaders of the "Royal Armenia" company were set free from the
court hall after about two years of imprisonment. The Court of First
Instance of the Kentron and Nork-Marash community of Yerevan brought
in a verdict of not guilty with regard to the leaders of the "Royal
Armenia" company, who were charged with smuggling, tax evasion,
and forging documents.

By the decision of the above-mentioned court a criminal case will be
filed against Vache Petrosian, the head of the "Federal Investigation
Group" company, which supplied coffee for the "Royal Armenia" before,
who was included in this lawsuit as an aggrieved party, for giving
evidently false testimony.