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Karabakh People Cheated by VTB Bank
Story from Lragir.am News:
http://www.lragir.am/engsrc/country23304.html
Published: 15:11:57 - 10/09/2011
People cheated by VTB Bank rallied in front of the president office in
Stepanakert, NKR. They threaten by lynching in case their issue is not
settled.
Three years ago ten people deposited 30 million drams in this Russian
bank. They received their copies of documentation and the contract.
VTB left Karabakh for `political reasons' and was replaced by Ameria
Bank.
In reality, the reasons are not political. Audit revealed
machinations, and the chief financier was remanded in custody for six
months but was released later, while the manager of the bank avoided
prosecution.
Three years ago the lenders applied to the law-enforcement bodies of
Karabakh. They were asked to submit their documents, contracts and
promised to address the issue. For the past three years, they have
inquired with the law-enforcement bodies and received the same
response that the documents are under examination and investigation is
underway.
One of the lenders, Armen Danielyan, told us the Yerevan-based
branches of VTB say there are no such deposits in their bank. In fact,
the management of the branch in Stepanakert had forged the documents,
even though they were sealed.
Vardan Yeramishyan who has deposited 10 million drams cannot get back
his money to buy an apartment.A group of people demand a meeting with
the president. If this time they fail to solve their problem, they
will lynch, they say.
From: Baghdasarian
Story from Lragir.am News:
http://www.lragir.am/engsrc/country23304.html
Published: 15:11:57 - 10/09/2011
People cheated by VTB Bank rallied in front of the president office in
Stepanakert, NKR. They threaten by lynching in case their issue is not
settled.
Three years ago ten people deposited 30 million drams in this Russian
bank. They received their copies of documentation and the contract.
VTB left Karabakh for `political reasons' and was replaced by Ameria
Bank.
In reality, the reasons are not political. Audit revealed
machinations, and the chief financier was remanded in custody for six
months but was released later, while the manager of the bank avoided
prosecution.
Three years ago the lenders applied to the law-enforcement bodies of
Karabakh. They were asked to submit their documents, contracts and
promised to address the issue. For the past three years, they have
inquired with the law-enforcement bodies and received the same
response that the documents are under examination and investigation is
underway.
One of the lenders, Armen Danielyan, told us the Yerevan-based
branches of VTB say there are no such deposits in their bank. In fact,
the management of the branch in Stepanakert had forged the documents,
even though they were sealed.
Vardan Yeramishyan who has deposited 10 million drams cannot get back
his money to buy an apartment.A group of people demand a meeting with
the president. If this time they fail to solve their problem, they
will lynch, they say.
From: Baghdasarian