YEREVAN, AUGUST 20, NOYAN TAPAN. The trial on the appeal made by the plaintiff's side against the decision of the Court of First Instance concerning the criminal case filed against Aram Ghazarian, the Deputy Director of the "Royal Armenia" company, and co-owner Gagik Hakobian appointed in the Appeal Court on criminal cases did not take place on August 20. Gagik Hakobian, one of the defendants, did not appear in court, who, according to the defensive side, is receiving treatment in Spain. The plaintiff's side declared that the defensive side should present a written proof of that fact to the court. The court postponed the trial until August 29 in order to find out the reasons for the absence of Gagik Hakobian and the possible term for standing in front of the court. It should also be mentioned that this criminal case was filed on March 10, 2005 and Gagik Hakobian and Aram Ghazarian were put under arrest in the seventh month of the preliminary examination. The defendants were found not guilty and set free from the court hall by the July 16, 2007 verdict of the Court of First Instance of the Kentron and Nork-Marash communities of Yerevan. According to the verdict, the prosecution brought the charges of faking invoices, evading tax payment by using these invoices, smuggling goods, legalizing illegal incomes, and taking property of Federal Investment Group company by fraud against the defendants based only on assumptions, the charges were not proven and well-founded.

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