American Armenian businessman Gerard Gafesjian will probably stop his business in Armenia and will leave only the Gafesjian Museum for symbolic purposes. The problem is that the businessman who has invested millions in Armenia has been cheated and his money was embezzled. It was done through certain financial mechanisms and methods, which was ignored by Gafesjian even though the Armenian media has written about it in the past. When his Armenian colleagues asked for 150 million dollars to build the museum he understood who and what he was dealing with. The main person responsible for this project was the deputy head of the Gafesjian Family foundation, who has been fired already. The owner of Armenia TV company Bagrat Asatryan is Gafesjian’s partner in Armenia and it is said that this person is connected with these deals too. In fact the list of the people who were involved in this “benevolent” work is pretty long. As a result, according to our sources information from the banking system, during the past months Gafesjian has sold his main businesses in the financial sector of Armenia (Cascade Bank, Cascade Insurance, etc.). According to our well-informed sources of information, he is going to sell his share in Armenia TV company as well. Definitely Gerard Gafesjian will visit Armenia in November and we will learn new facts about this issue. On the other hand, all what is happening to the Diaspora Armenian businessmen in the same period when the issue of the Armenian-Turkish relations is discussed and the president is visiting the main Armenian communities overseas is very symbolic.
