In 1996, Egiazaryan was appointed Deputy Chairman of the Board of Directors of “Unikombank” JSCB, a position he held from June 1996 to May 1998.

[2] In September 2010, after the commencement of a criminal investigation into the $87.5M fraud, Egiazaryan filed a claim in a Cyprus court complaining that a group of Russian politicians, and businessmen, including Suleyman Kerimov, conspired to take over Egiazaryan’s share in the multi-billiondollar Moskva Hotel project.

[4][5][6] The case was later dismissed on 15 February 2011, and the district court of Nicosia in Cyprus lifted the injunction on Kerimov’s assets.

[8] On 3 November 2010 the State Duma followed through with a request by Russian Prosecutor General Yury Chaika and officially stripped Egiazaryan of his immunity.

[13] In January 2011, the Basmanny District Court of Moscow indicted Egiazaryan on charges of large scale fraud.

[14] As a result of the court ruling, the lower house of parliament in Russia gave approval on 9 March 2011 for Egiazaryan’s arrest on charges of large-scale fraud.