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Yerevan court to announce its ruling on Spayka head on April 30

29.04.2019, 16:58
A court in Yerevan will announce April 30 its ruling on whether to release David Ghazaryan, the head of Spayka company, on bail or not, his lawyer Karen Sardaryan said today.

Yerevan court to announce its ruling on Spayka head on April 30
YEREVAN, April 29. /ARKA/. A court in Yerevan will announce April 30 its ruling on whether to release David Ghazaryan, the head of Spayka company, on bail or not, his lawyer Karen Sardaryan said today.

He said the amount of the bail is not specified, but the company is ready to provide any reasonable amount. He said Ghazaryan’s defense is sure there is no reason to believe that he, while at large , will be able to prevent the investigation.

According to Sardaryan, the investigation did not provide any justification for keeping his client in custody. “The decision to arrest him is based on assumptions,” said the lawyer. 

On April 5,  Armenia’s State Revenue Committee (SRC) accused Spayka of evading over 7 billion drams ($14.4 million) in import taxes and asked a court in Yerevan to allow its head David  Ghazaryan’s pre-trial arrest. Ghazaryan denied the accusations.

On March 26, Spayka commissioned a $15 million worth cheese factory in Yerevan. The opening ceremony was attended by Prime Minister Nikol Pashinyan. 

Armenia’s leading freight and agribusiness company Spayka was founded in 2001. It is Armenia’s leading exporter of fruits, vegetables and some prepared foodstuffs. The company says it has more than 1,200 people on its payrolls. -0-