YEREVAN — The former director general and three other senior executives of the Metsamor nuclear power plant will go on trial soon on charges of serious fraud, Armenia’s National Security Service (NSS) announced on Thursday.

According to a statement, issued by the NSS, the investigation established that the CEO of the facility Gagik Markosian, commercial director Rubik Movsisian, deputy CEO M. Movsisian and Eduard Ghazarian, head of repair and supervision department, stand accused of embezzling almost 784 million drams ($1.6 million) while administering procurements commissioned by the plant.

“The crime has been solved and the damage caused to the state in the amount of 784 million drams was fully recovered. The criminal case has been sent to court along with the indictment,” the statement said.

Markosian resigned as Metsamor chief executive in December 2014 following the arrest of Rubik Movsesian, the plant’s commercial director and one of the four men charged in the fraud case.

The Armenian Nuclear Power Plant located about 40 kilometers west of Yerevan was designed and built in the 1970s. Its sole functioning reactor generates more than one-third of Armenia’s electricity.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sign Up for Our Newsletters

Get notified of the latest updates from MassisPost.

You May Also Like

S.D. Hunchakian Party Meets with US Ambassador to Armenia

A delegation of the Social Democrat Hunchakian Party, Western Region of the U.S. headed by Chairman Vasken Khodanian along with SDHP Central Committee member Harry Sarafian, met with U.S. Ambassador John A. Heffern on December 5, 2012. During the hour-long meeting, wide ranging topics were discussed, with primary emphasis being placed on the current state of affairs in the Republic of Armenia.

Yura Movsisyan Scores a Hat-Trick in Spartak Moscow Debut

MOSCOW ((R-Sport)) — A debut hat-trick from Yura Movsisyan for Spartak Moscow…

Azerbaijani Side Withdrew its Forces from Parukh. Russian Defense Ministry

The Azerbaijani side withdrew its units from the territory of Parukh settlement,…

Pashinyan: The Priority Today Is to Ensure Stability and Security in Armenia and the Republic of Artsakh

YEREVAN — In a live video address to the nation today Armenian…