YEREVAN, SEPTEMBER 3. ARMINFO. The big investor of DaimlerChrysler Kirk Kirkoryan accuses the company of deceiving its investors and claims $8 bln compensation. According to the “Vedomosti” (Russia), the first charges were made as early as 1998 after the merger of Mailer-Bentz and Chryler. The German managers presented the merger as union of equals not to pay the takeover compensation to Chrysler’s investors. And if the company agreed to pay $300 mln to settle the $22 bln suit of a group of investors ($220 mln is to be paid by insurers), with Kirkoryan, however, it is going to fight till the end. Among the claimants are several US pension funds. This suit has been separated from Kirkoryan’s claim. The company denies the charges and has settled the suit only for fear of not being fined for a larger sum. To remind, in Armenia Kirkoryan is financing several big projects in the spheres of transport, small and medium-sized business, urban development, culture worth a total of $165 mln.
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