YEREVAN (Armenpress) — Hayastan All Armenian Fund’s director Ara Vardanyan has been detained by the National Security Service (NSS) of Armenia on July 2 in suspicion of embezzlement and abuse.
The NSS said that Vardanyan has confessed in misappropriating the fund’s finances, including, by using the funds money for online gambling.
According to Vardanyan, he has returned the misused money through the donated funds. According to him, he later entered personal cash to the fund’s bookkeeping, thus covering up the misused amounts.
In the last week alone Vardanyan transferred nearly 14,000,000 drams to online casinos from the fund’s credit card. The amount comprises nearly 130,000,000 in the period from 2016 to 2018.
NSS said it is currently carrying out inspections in the fund to clarify other possible abuses.
Vardanyan has been placed under arrest.
BEVERLY HILLS -- President of the Republic of Armenia Vahagn Khachaturian hosted members of the…
LOS ANGELES — Los Angeles Mayor Karen Bass and Los Angeles City Council President Paul…
ALMATY -- The foreign ministers of Armenia and Azerbaijan began on Friday two days of…
BURBANK -- President of the Republic of Armenia, Vahagn Khachaturyan, met with the Primate of…
YEREVAN -- Russia will withdraw its troops and border guards from Armenia’s border with Azerbaijan,…
SACRAMENTO -- On a working visit to the US, Armenian President Vahagn Khachaturyan met with…