MOSCOW (Armenpress) — The Russia-based Armenian businessman and philanthropist Levon Hayrapetyan died on October 18 after battling a long disease, writer Zori Balayan announced.
“He passed away in the early morning and a few hours before he died he said he wanted to be buried in Moscow, next to his parents,” Balayan said. Levon Hayrapetyan was born in 1949 in the village of Vank in Nagorno Karabakh’s Martakert region. He played an active role in the creation of NKR and is considered to be one its main sponsors. He is one of the largest investors in the modern history of Nagorno Karabakh. Hayrapetyan financed the reconstruction of the renowned Gandzasar monastery in 2000-2002. On October 16, 2008, he organized a mass wedding ceremony in Shushi and Gandzasar for 700 couples.
Hayrapetyan was arrested in Russia in July 2014 and was sentenced to four years in prison for embezzlement of $700,000.
In early October 2014, he was placed under house arrest. His defense attorney asked the court to release him, citing health problems.
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