YEREVAN. – S. Alexanyan was sentenced to 14 years of imprisonment by the First Instance Court of Yerevan’s Center and Nork-Marash districts accused in fraud, using loan for inappropriate purposes, falsifying documents and for crossing the state border illegally.

Alexanyan was declared guilty according to Armenian Criminal Code’s 178th article’s 3rd part’s 1st point, 191st article’s 1st part, 325th article’s 1st part, 329th article’s 1st part. He was sentenced to 14 years of imprisonment and confiscation of property worth of AMD 40,000,000 ($100,000).