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YEREVAN. – Several owners of the apartments, which Tonus Construction Company had built in Armenia’s capital city Yerevan, have assembled nearby the government houses since early Tuesday morning, and they demand to meet with the President.   

“If we don’t meet with the President today, we will go to 26 Baghramian [Avenue, the official address of the Office of the President] and close off Baghramian [Avenue],” a resident shouted. 

There are more than forty demonstrators, and over ten police officers are monitoring the protest, but their number is growing, informed the Armenian News-NEWS.am reporter.

A group of people are unable to enter their own apartments in Yerevan. Tonus Construction Company had sold the apartments of a new building to these residents. Subsequently, however, the company put these apartments as collateral at Artsakhbank. Once the building was constructed, Artsakhbank seized the apartments, Tonus Construction Company was declared bankrupt, whereas the people who had purchased these apartments were left empty-handed. But they do not believe that Artsakhbank was uninformed about this swindle by Tonus Construction Company.

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