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NEW YORK COURT FINES ARMENIAN MP AND FORMER MINISTER
news.am
September 14, 2012 | 16:59
YEREVAN. - The New York Court made a decision on Sept. 6 to fine
Armenia's former Minister of Nature Protection, ruling Republican
Party influential MP Vardan Ayvazyan for $37,537,978.02 for benefit
of Global Gold Mining Company (GGM).
According to the verdict, one of the GGM branch companies was subjected
to corrupted and improper demands by the Armenian former Minister in
2006, Hetq informs.
As a result of the corrupted demands, the New York court fined Ayvazyan
for $37,537,978.02, including the compensation and fines.
However, the verdict is likely to have no consequences for Ayvazyan
as there was no agreement signed between Armenia and the United
States on that field. The only consequence for Ayvazyan will be the
impossibility to enter USA. Currently Ayvazyan is head of the Standing
Committee on Econimic Affairs of the Armenian Parliament.
news.am
September 14, 2012 | 16:59
YEREVAN. - The New York Court made a decision on Sept. 6 to fine
Armenia's former Minister of Nature Protection, ruling Republican
Party influential MP Vardan Ayvazyan for $37,537,978.02 for benefit
of Global Gold Mining Company (GGM).
According to the verdict, one of the GGM branch companies was subjected
to corrupted and improper demands by the Armenian former Minister in
2006, Hetq informs.
As a result of the corrupted demands, the New York court fined Ayvazyan
for $37,537,978.02, including the compensation and fines.
However, the verdict is likely to have no consequences for Ayvazyan
as there was no agreement signed between Armenia and the United
States on that field. The only consequence for Ayvazyan will be the
impossibility to enter USA. Currently Ayvazyan is head of the Standing
Committee on Econimic Affairs of the Armenian Parliament.