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AUDITORS SENT TO AMERIABANK UNCOVER LOAN VIOLATIONS AT THE HEART OF OFFSHORE SCANDAL
13:03, September 13, 2013
A Hetq source at AmeriaBank claims that three weeks ago a team of
auditors was sent from Moscow to look into loans made by the bank
that eventually "disappeared" in a maze of offshore translations.
The source says that the auditors were sent at the urging of Ruben
Vardanyan, a businessman based in Moscow who is also an AmeriaBank
shareholder.
Hetq broke the story as to how AmerriaBank lent $12 million to one
Ashot Sukiasyan, a diamond jeweler.
>From June 25, 2010 to June 15, 2011, Ashot Sukiasyan received periodic
loans of $10.7 million from AmeriaBank. As collateral, however,
he used companies owned by Paylak Hayrapetyan and the latter's son.
Receiving the money, however, Sukiasyan failed to abide by the loan
agreement conditions and the business plan he had presented. But this
didn't prevent AmeriaBank to continue freely transferring amounts to
several bank accounts owned by companies registered in Cyprus.
According to instructions of the Dzoragyugh Production Cooperative,
AmeriaBank wired some $9,370,450 of the loan monies transferred to
the cooperative's bank account to the accounts of several offshore
companies held at the Hellenic Bank Publik Company of Cyprus. The
loan monies were transferred to:
A.B.S. GLOBAL LIMITED- $7,020,450
WLISPERA HOLDINGS LIMITED- $350,000
STR EMERALD LIMITED- $2,000,000
According to documents obtained by Hetq, RA Prime Minister Tigran
Sargsyan and Archbishop Navasard Kjoyan, Locum Tenens of the Ararat
Diocese of the Armenian Apostolic Church, are shareholders in Wlispera
and A.B.S. Global Ltd.
The Hetq source claims that the auditors found a number of glaring
violations in the loan package that might led to a number of heads
rolling in upper management.
(Photo, left to right: Artak Hanesyan, Andrey Lazarian, Gagik
Sahakyan)
http://hetq.am/eng/news/29320/auditors-sent-to-ameriabank-uncover-loan-violations-at-the-heart-of-offshore-scandal.html
13:03, September 13, 2013
A Hetq source at AmeriaBank claims that three weeks ago a team of
auditors was sent from Moscow to look into loans made by the bank
that eventually "disappeared" in a maze of offshore translations.
The source says that the auditors were sent at the urging of Ruben
Vardanyan, a businessman based in Moscow who is also an AmeriaBank
shareholder.
Hetq broke the story as to how AmerriaBank lent $12 million to one
Ashot Sukiasyan, a diamond jeweler.
>From June 25, 2010 to June 15, 2011, Ashot Sukiasyan received periodic
loans of $10.7 million from AmeriaBank. As collateral, however,
he used companies owned by Paylak Hayrapetyan and the latter's son.
Receiving the money, however, Sukiasyan failed to abide by the loan
agreement conditions and the business plan he had presented. But this
didn't prevent AmeriaBank to continue freely transferring amounts to
several bank accounts owned by companies registered in Cyprus.
According to instructions of the Dzoragyugh Production Cooperative,
AmeriaBank wired some $9,370,450 of the loan monies transferred to
the cooperative's bank account to the accounts of several offshore
companies held at the Hellenic Bank Publik Company of Cyprus. The
loan monies were transferred to:
A.B.S. GLOBAL LIMITED- $7,020,450
WLISPERA HOLDINGS LIMITED- $350,000
STR EMERALD LIMITED- $2,000,000
According to documents obtained by Hetq, RA Prime Minister Tigran
Sargsyan and Archbishop Navasard Kjoyan, Locum Tenens of the Ararat
Diocese of the Armenian Apostolic Church, are shareholders in Wlispera
and A.B.S. Global Ltd.
The Hetq source claims that the auditors found a number of glaring
violations in the loan package that might led to a number of heads
rolling in upper management.
(Photo, left to right: Artak Hanesyan, Andrey Lazarian, Gagik
Sahakyan)
http://hetq.am/eng/news/29320/auditors-sent-to-ameriabank-uncover-loan-violations-at-the-heart-of-offshore-scandal.html