Announcement

Collapse
No announcement yet.

Oversight Chamber Reveals A Total Of 8.1 Billion Drams Of Misappropr

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Oversight Chamber Reveals A Total Of 8.1 Billion Drams Of Misappropr

    OVERSIGHT CHAMBER REVEALS A TOTAL OF 8.1 BILLION DRAMS OF MISAPPROPRIATIONS AND FINANCIAL ABUSES

    ARKA
    Oct 8, 2009

    YEREVAN, October 8, /ARKA/. Members of Armenian parliament completed
    Thursday consideration of the annual report of Armenia's Oversight
    Chamber for 2008 and took note of it.

    The chairman of the Oversight Chamber, Ishkhan Zakarian, said his
    subordinates revealed a total of 8.1 billion Drams of different
    misappropriations and financial abuses in the public sector. According
    to him, about 6 billion Drams were to be recovered.

    He said about 1.4 billion Drams of misappropriated money had been
    recovered already to local and national budgets and 3.6 billion must
    be recovered.

    According to him, in 2008 the Oversight Chamber's inspectors had
    scrutinized only 4% of government subsidies. He said the Chamber's
    investigation was focused on the financial operations of ministries,
    governors' offices and local governments. He said the findings were
    submitted to the office of prosecutor general, that launched five
    criminal cases into the revealed financial abuses.

    He said the most frequent breaches are inflating the cost of projects,
    selling land plots at steeply cheap prices and reselling them at much
    higher prices and payment for undone work.

    Chairman of the parliament committee on financial and crediting
    issues Gagik Minasian praised the Oversight Chamber for good work and
    presenting an all-embracing report about revealed breach es. ($1 -
    385.64 Drams)

    From: Emil Lazarian | Ararat NewsPress
Working...
X