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Armenian Entrepreneurs Punished For Greed

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  • Armenian Entrepreneurs Punished For Greed

    ARMENIAN ENTREPRENEURS PUNISHED FOR GREED

    PanARMENIAN.Net
    16.02.2009 16:29 GMT+04:00

    /PanARMENIAN.Net/ Mokonat and Kari Tov companies, leaders of Armenian
    rice market, had to pay more that AMD 40.5 million into the state
    budget.

    According to the State Committee for Economical Competition Protection,
    examination of unjustified rise in prices for rice last October showed
    that the companies intended to suspend their activities.

    The Committee's suspicions were roused by the fact that the companies
    were suspending their activities in spite of high income levels. The
    information was submitted to Prosecutor General's Office and State
    Revenue Committee.

    As result of a checkup, Mokonat paid more than AMD 20.5 million into
    state budget, and Kari Tov paid more than AMD 20 million.
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