Famous Businessman Committed Suicide

    • Country - Saturday, 18 August 2012, 12:15

Yesterday, late in the evening, according to preliminary information, the famous businessman Misha Hayrapetyan committed a suicide with a gun.

The Hayrapetyan family owns Yerevan Plaster Company, Hayastan Department Store, hippodrome, chain of BMW stores.

Misha Hayrapetyan’s granddaughter has recently married with the son of Serzh Sargsyan’s brother, Sashik Sargsyan.

The Hraparak has reported financial problems facing the Hayrapetyan family.

Pailak Hayrapetyan received a loan from Ameria Bank to buy a diamond mine in Sierra Leone but was deceived by his partner Ashot Sukiasyan. Now Ameria Bank is likely to confiscate his family property.

Their family has been known since the Soviet years. They owned Erebuni clothes company, later the plaster company, the hippodrome of Charbakh, Yerevan. They come from the village of Tsovazard where they own a hotel and land.

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