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Widespread fraud in payment of state pensions handled by large group of investigators

25.08.2011, 16:47
Armenia’s prosecutor general, Aghvan Hovsepian, said today the inquiry into a widespread fraud, embezzlement of public funds and abuse of power in the payment of state pensions and benefits is being handled by a large group of investigators.
YEREVAN, August 24. / ARKA /. Armenia’s prosecutor general, Aghvan Hovsepian, said today the inquiry into a widespread fraud, embezzlement of public funds and abuse of power in the payment of state pensions and benefits is being handled by a large group of investigators.

The widespread fraud was revealed by the parliament’s Audit Chamber last year. Its head, Ishkhan Zakarian, said thousands of Armenian pensioners received, on paper, pensions years after their death. He implied that this money had been pocketed by officials from the State Social Security Service.

Aghvan Hovsepian said today three criminal cases were opened into these abuses which were later consolidated into one case. The violations were reported to president of Armenia Serzh Sargsyan, who told prime minister Tigran Sarkisian to fire head of the State Social Security Fund Vazgen Khachikyan. In a subsequent probing the prosecutors estimated that some 113 million drams had been pocketed by officials from the State Social Security Fund in 2009-2010. The embezzled sum has been calculated on the basis of materials examined by investigators. The investigation is continuing." ($ 1 - 367.62 AMD). -0 -