by Ashot Safaryan
Zhoghovurd newspaper writes that ex-chairman of the Board of ArmBusinessBank CJSC, Ara Kirakosian, was arrested. The banking circles of Armenia proved such information to Arminfo.
As the paper says, Hakob Hovsepian, the brother of Armenian President's Control Service Hovhannes Hovsepian, was conducting negotiations with the main beneficiary of ArmBusinessBank, Russian-Ukrainian businessman, Vitaliy Grigoryanys, with the aim of purchasing it. For this reason, prior to purchasing the bank, Hakob Hovsepian made an attempt to clarify through an audit firm its financial state. This caused numerous questions of Grigoryants.
However, the bargain did not take place and chairman of the Board of ArmBusinessBank CJSC Ara Kirakosian was detained and later taken into custody by a court's decision.