Return of the “underground oligarch”
Alexander Babayan achieved leniency for robbery Alexander Babayan, one of the former oligarchs of the capital’s metro, may soon be released. He was arrested in April 2001, and last spring he was sentenced to seven years in prison for robbery and extortion. But, as the Vremya Novostey newspaper learned, the Supreme Court (SC) recently reduced this term to three years, and in the coming months Mr. Babayan may be released on parole. Until 2001, Alexander Babayan’s business was going well.