ArmInfo. After the Arzni mineral water plant was transferred to IDBank, all steps related to this transaction, including the conclusion of an agreement on the alienation of this real estate to Tarmak, were discussed for several months with the participation of Gevorg Afandyan. This was stated at a press conference on November 18 by the chairman of IDBank's Board Mher Abrahamyan.
"We have correspondence and a number of other evidence that attests to his participation in the negotiations, including his consent at the final stage, as a result of which the property was alienated. Probably, it will be necessary to publish this correspondence, which will answer a number of questions'', Abrahamyan said.
At the same time, he emphasized that the evidence submitted to the court, including the correspondence between Gevorg Afandyan and Anelik Bank, as a result of which the deal was concluded, were not taken into account.
When asked by journalists whether the bank has information regarding the support of Armenia's former president's brother Alexander Sargsyan to Gevorg Afandyan in the court case against the bank, M. Abrahamyan noted that he had heard such information, but stressed with confidence that the "old practices are impossible in the new Armenia'' .
"I hope the bank will be able to legally resolve the judicial issue and protect its rights. There is no other way out, justice must triumph", the banker said.
To recall, in 2010 Gevorg Afandyan received a loan of $ 7 million from Anelik Bank, which was secured by the property complex of the Arzni mineral water plant with an area of 14 thousand square meters, a land plot of 2.8 hectares and other non-significant items. Unfortunately, Afandyan by that time was no longer able to pay the loan and, as a result, did not fulfill his obligations to the bank. Under normal conditions, the mortgaged property was to be transferred to the bank on the balance sheet and after some time it had to be alienated in order to cover losses. But the agreement contained a , of which the former management of the bank, and especially its consultants, certainly were aware. When taking this loan, which is rather large by our standards, a proposal was written in the document, which, in case it comes to the alienation of collateral, provided for the possibility of a pre-emptive repurchase of this property from the bank by the borrower himself with the noble purpose of not failing the business and trying to fulfill obligations over time.
At that time, the Lebanese Credit Bank S.A.L acted as the owner of the bank, and the bank's management accepted this proposal and concluded an agreement with G. Afandyan, under which Anelik Bank undertook to provide the mortgagor or the third person indicated by him with an exclusive preference for redemption of collateral for a period of 2 years. The same agreement stipulates that in case of non-compliance with the specified pre-emptive right to purchase, the bank is obliged to pay a fine five times exceeding (!!!) the cost of recovery, and the fine should be sent to the "Central Station", "Ecoprint" and "Supra" LLCs owned by the Afandyan family "in order to repay their current obligations to the bank. In August 2016, the Lebanese management and shareholders in the Virgin Islands created an offshore company with the sonorous name Private International Company (PIC) and later the Armenian "Tarmak" LLC affiliated with it, to which the property complex of the "Arzni" mineral water plant was sold in October of the same year. Later Afandyan filed a lawsuit against the bank and requested $ 21 million, stating that he was not aware of his son's participation in the offshore transaction and of his family buying back the property pledged 10 years ago. The court found the Afandyan testimony reliable, and considered "Tarmak" LLC a third party in the process. And as a result, the lawsuit filed by B.M.L. ARZNI bankruptcy case manager Hakob Asoyan against the bank was very quickly satisfied in March 2018 by the judge of the court of general jurisdiction of Kotayk region Tigran Poladyan. The bank successfully appealed the decision of the trial court to the Court of Appeal, which sent the case for further investigation. However, the court of general jurisdiction of Yerevan, chaired by Judge Gayane Mazmanyan, on September 20, 2019 partially satisfied the claim of B.M.L. ARZNI to recover from the bank an amount equivalent to approximately $ 22 million as a fine under the agreement.