Cognac Expert reported about Russian take over investments in the Cognac region, France. Now, there is a new development with one of the Russians involved in estate acquistions:

It actually happened in mid-April but had not previously passed the Russian borders. Armen Eganyan, the co-owner of the Kin group, that has invested in the Domaine de Broix in Touzac, was arrested by the police in Moscow on April 7th. 48 hours later, Mister Eganyan was released against a deposit of 15 million rubles, about 400,000 Euros.

Armen Eganyan visting Cognac estate... looks a bit liks CSI Miami (copyright Figaro)

According to Russian newspapers, Armen Eganyan is accused of a major financial fraud. His lawyer explains, that it’s all about a battle for ownership that would have led to the arrest of Armen Eganyan. Last year, Russian authorities transferred 43.07% of the Kin Group to another consortium, that was recently created and heavily supported by the Bank of Moscow.

Armen Eganyan tried to work against the creation of this consortium – and that apparently was the real reason why he was arrested. Let’s see where this is going.

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Russian Cognac investor Armen Eganyan arrested for financial fraud

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Max is a spirits expert and speaker, into marketing, technology, startups, and business development. He’s also a farmer. He likes tools and machines, Game of Thrones, and Better Call Saul. Included in his Top 10 Cognacs are the Audry XO and Bache Gabrielsen 1973.Max founded Cognac Expert in 2010 at his family’s estate in Poullignac, in the Cognac region, France. Started as a blog, today Cognac Expert is the world’s largest website about all things Cognac, a blog, and a specialized online shop featuring 800+ different Cognac bottles.

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