YEREVAN — After continued scrutiny and pressure, most recently from the Social Democrat Hunchakian Party – Western USA Executive Committee suspending its membership with the Armenia Fund board on Monday morning, the executive director of the pan-Armenian charity; Hayastan All-Armenian Fund, tendered his resignation on Monday, one week after being accused of embezzling its funds.

 

Armenia’s National Security Service (NSS) arrested Ara Vartanyan, who has managed the Hayastan All-Armenian Fund for the last ten years, on July 3. It said that he admitted using money mostly donated by the Armenian Diaspora for online gambling and other “personal purposes.”

 

“In the past week alone, Vartanyan transferred about 14 million drams ($29,000) from a bank card of the fund to online casinos,” read an NSS statement. “That amount totaled about 130 million drams in the period from 2016 to 2018.”

 

A court in Yerevan agreed to free Vartanyan on bail on July 5. While on bail, Vartanyan maintained his standing as executive director of Hayastan All-Armenian Fund, which was seen by the S.D. Hunchakian party as “not only an act of immorality, but also disrespectful to Armenians everywhere.”

 

Vartanyan finally submitted a letter of resignation to President Armen Sarkissian late Monday night. Armen Sarkissian as President also serves as the chairman of Hayastan’s Board of Trustees.

Leave a Reply

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

An Open Letter to the Turkish People on the Armenian Genocide

On Wednesday, April 9, Rep. Adam Schiff (D-CA) delivered an open letter…

City of Glendale Designates April 2015 As \”Armenian Genocide Commemoration Month\”

GLENDALE – The Glendale City Council Tuesday presented a proclamation designating the…

Sibil Armenian Singer from Istanbul to Perform in New York

NEW YORK — Talented young Armenian vocalist Sibil whose angelic voice has…

Mer Hooys Celebrates the Holidays and Prepares for the New Year

LOS ANGELES — During the holiday season of 2016 and early 2017,…