Marat Terterov: Armenia’s long term security will be better served by strengthening economic security, rather than defining national security on the basis of the Tsarist Russian catch-cry “armiya i flot”
The U.S. Embassy in Armenia attentively follows the case of the American businessman Edmond Khudyan, who has gone bankrupt in Armenia.
The Embassy's statement in response to Khudyan's letter to the U.S. Ambassador to Armenia John Heffern, says that the Embassy follows the proceeding on the illegal financial dealings against the U.S. citizen.
To note, in his letter to the U.S. Ambassador, the businessman says that during his activity in Armenia he came across a professional group of high-ranking officials engaged in economic crimes. Khudyan says that this group is still acting. He states that even the laws of the country can do nothing against them, as for two years the investigative bodies have instituted no criminal case against them, even when the matter concerned restoration of 1.5 mln USD damage to the state.
Khudyan points out that he is going to apply to the International Court against Armenia. He is sorry to make such a decision, but he says that no laws are effective in Armenia and people can do nothing against corruption.