Vardan Ayvazyan has no intention to pay USD 37 mln to Global Gold Mining

• Monday, September 17, 09:46

In a conversation with ArmInfo's correspondent, Vardan Ayvazyan, ex- Minister of Nature Protection of Armenia, currently Head of the Armenian Parliamentary Commission on Economic Issues, member of the ruling Republican Party of Armenia, says that the judgment of the United States District Court for the Southern District of New York causes his irony.

To note, the United States Marshal Service for the Southern District of New York filed for service a Writ of Execution to be enforced against Vardan Ayvazyan in favor of Global Gold Mining LLC (GGM).  The Writ of Execution was issued by the United States District Court for the Southern District of New York following the order and judgment of Judge J. Paul Oetken. The amount of the fine is USD 37 mln.

Ayvazyan says that he is not going to "obey" the judgment of the Court and to pay the fine. He categorically refutes GGM's bribery accusations against him. 

To recall, GGM applied to the United States District Court for the Southern District of New York against Vardan Ayvazyan, who demanded a USD 3 mln bribe from GGM.  Having failed to carry out Ayvazyan's demand, the Company lost its license to develop the deposit in Hankavan. Thereby, the company suffered USD 27 mln losses. The Company reported this situation to the appropriate authorities in Armenia and in the United States, however, the license was not
restored.