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ARMENIAN PREMIER EMBEZZLED $70 MILLION?
http://www.a1plus.am/en/politics/2011/11/21/harutyun1
November 21, 2011
Chairman of the Ramkavar-Azatakan Party of Armenia (HRAK) Harutyun
Arakelyan accuses Prime Minister Tigran Sargsyan and his brother
Ashot Sargsyan, Deputy Director of Nairit plant of embezzling $
31 million dollars.
According to the HRAK Leader, during the study of public documents
he revealed that in 2006, the 90% of the plant's state stocks were
not sold (as it was officially reported), but donated to an offshore
company named Rhinoville Property Limited.
Mr. Arakelyan explained the mechanism of donation in the following
way: the Russian company pawned the stocks to receive a loan of $
70 million, $ 39 million of which were added to the RA state budget
while the fate of the remaining $ 31 million is still unknown.
The HRAK Chairman says that the then Central Bank President Tigran
Sargsyan and his brother Ashot Sargsyan had direct participation in
the machination.
http://www.a1plus.am/en/politics/2011/11/21/harutyun1
November 21, 2011
Chairman of the Ramkavar-Azatakan Party of Armenia (HRAK) Harutyun
Arakelyan accuses Prime Minister Tigran Sargsyan and his brother
Ashot Sargsyan, Deputy Director of Nairit plant of embezzling $
31 million dollars.
According to the HRAK Leader, during the study of public documents
he revealed that in 2006, the 90% of the plant's state stocks were
not sold (as it was officially reported), but donated to an offshore
company named Rhinoville Property Limited.
Mr. Arakelyan explained the mechanism of donation in the following
way: the Russian company pawned the stocks to receive a loan of $
70 million, $ 39 million of which were added to the RA state budget
while the fate of the remaining $ 31 million is still unknown.
The HRAK Chairman says that the then Central Bank President Tigran
Sargsyan and his brother Ashot Sargsyan had direct participation in
the machination.