Tweet
Company Charged with Embezzling 3 Million AMD
hetq
13:42, June 13, 2011
The Lori Regional Prosecutor has launched a criminal case regarding
embezzlement allegations directed against "Varmash" Ltd. and certain
company financial officers.
Preliminary investigation revealed that during May-December 2008, the
director of the company and other officers failed to completely carry
out road renovations at Katnarat as specified in a March 5, 2008
contract it signed with the RA Ministry of Transportation and
Communications.
By not performing certain contractual duties, the company was able to
embezzle just over 3 million AMD.
hetq
13:42, June 13, 2011
The Lori Regional Prosecutor has launched a criminal case regarding
embezzlement allegations directed against "Varmash" Ltd. and certain
company financial officers.
Preliminary investigation revealed that during May-December 2008, the
director of the company and other officers failed to completely carry
out road renovations at Katnarat as specified in a March 5, 2008
contract it signed with the RA Ministry of Transportation and
Communications.
By not performing certain contractual duties, the company was able to
embezzle just over 3 million AMD.