Armenian Premier embezzled $70 million?
Chairman of the Ramkavar-Azatakan Party of Armenia (HRAK) Harutyun Arakelyan accuses Prime Minister Tigran Sargsyan and his brother Ashot Sargsyan, Deputy Director of Nairit plant of embezzling $ 31 million dollars.
According to the HRAK Leader, during the study of public documents he revealed that in 2006, the 90% of the plant's state stocks were not sold (as it was officially reported), but donated to an offshore company named Rhinoville Property Limited.
Mr. Arakelyan explained the mechanism of donation in the following way: the Russian company pawned the stocks to receive a loan of $ 70 million, $ 39 million of which were added to the RA state budget while the fate of the remaining $ 31 million is still unknown.
The HRAK Chairman says that the then Central Bank President Tigran Sargsyan and his brother Ashot Sargsyan had direct participation in the machination.
