The Yerevan City Court of General Jurisdiction, presided by Judge Karen Farkhoyan, has decided to detain David Ghazaryan, Director of Spayka Company.
The Court has thus satisfied the motion of the preliminary investigation body regarding the detention of a detainee as a preventive measure.
The decision has sparked a wave of protests in front of the court. Employees of the company are demanding the release of David Ghazaryan.
Ghazaryan is charged with evasion from taxes, duties or other mandatory payments under part 2 of Article 205 of the Criminal Code of Armenia.
The State Revenue Committee claims that AMD 7,036,666,312 in customs duty and tax generated as a result of entrepreneurial activity was not paid to the state budget.