Yerevan Fund recovers 1.8 billion drams damage, caused to budget
01.02.2019,
15:33
The Yerevan Fund that was overseen by former Yerevan mayor Taron Margaryan has recovered 1.8 billion drams (about $3.7 million) worth damage, the director of the National Security Service Artur Vanetsyan told reporters on Friday.
YEREVAN, February 1. /ARKA/. The Yerevan Fund that was overseen by former Yerevan mayor Taron Margaryan has recovered 1.8 billion drams (about $3.7 million) worth damage, the director of the National Security Service Artur Vanetsyan told reporters on Friday.
He said part of that amount was squandered, the other part was used ineffectively and a third part was misused.
In July 2018, the National Security Service officers searched the offices of the Yerevan Fund after arresting two municipality officials on charges of corruption.
The search was prompted by numerous complaints that entrepreneurs were made pay hefty payments to the Yerevan Fund in return for receiving construction permits from the municipality or for various services provided to businesses or citizens apart from payments set by the law. NSS said part of the cash paid by citizens was pocketed by corrupt officials.
Margaryan, who was first elected as mayor in 2011, was pressed to step down by mass protests that had brought down ex-president Serzh Sargsyan’s government in late April. The protest leader, Nikol Pashinyan, was elected as new prime minister on May 8. Bowing to growing pressure from Pashinyan’s government, Taron Margaryan stepped down in early July, 2018. -0-
He said part of that amount was squandered, the other part was used ineffectively and a third part was misused.
In July 2018, the National Security Service officers searched the offices of the Yerevan Fund after arresting two municipality officials on charges of corruption.
The search was prompted by numerous complaints that entrepreneurs were made pay hefty payments to the Yerevan Fund in return for receiving construction permits from the municipality or for various services provided to businesses or citizens apart from payments set by the law. NSS said part of the cash paid by citizens was pocketed by corrupt officials.
Margaryan, who was first elected as mayor in 2011, was pressed to step down by mass protests that had brought down ex-president Serzh Sargsyan’s government in late April. The protest leader, Nikol Pashinyan, was elected as new prime minister on May 8. Bowing to growing pressure from Pashinyan’s government, Taron Margaryan stepped down in early July, 2018. -0-
