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YEREVAN. – Armenian President Serzh Sargsyan approached several owners of the apartments, which Tonus Construction Company had built in Armenia’s capital city Yerevan, and who have assembled nearby the government houses since early Tuesday morning. The President promised to deal with their problem and respond in two days (PHOTOS).

“Mr. President, you are our only hope,” an angry apartment owner told Sargsyan.

The President reassured the crowd, saying that he will deal with this matter.

The protesters decided to wait for two days and again petition to the President if they receive no response.

“We believe the President because this was the last chance. If the people don’t benefit after this conversation, let everyone be their own judge,” an affected resident told Armenian News-NEWS.am.

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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