Widespread Fraud In Payment Of State Pensions Handled By Large Group

WIDESPREAD FRAUD IN PAYMENT OF STATE PENSIONS HANDLED BY LARGE GROUP OF INVESTIGATORS

/ ARKA /
August 24, 2011
YEREVAN

Armenia’s prosecutor general, Aghvan Hovsepian, said today the inquiry
into a widespread fraud, embezzlement of public funds and abuse of
power in the payment of state pensions and benefits is being handled
by a large group of investigators.

The widespread fraud was revealed by the parliament’s Audit Chamber
last year. Its head, Ishkhan Zakarian, said thousands of Armenian
pensioners received, on paper, pensions years after their death. He
implied that this money had been pocketed by officials from the State
Social Security Service.

Aghvan Hovsepian said today three criminal cases were opened into
these abuses which were later consolidated into one case. The
violations were reported to president of Armenia Serzh Sargsyan,
who told prime minister Tigran Sarkisian to fire head of the State
Social Security Fund Vazgen Khachikyan. In a subsequent probing the
prosecutors estimated that some 113 million drams had been pocketed
by officials from the State Social Security Fund in 2009-2010. The
embezzled sum has been calculated on the basis of materials examined
by investigators. The investigation is continuing.” ($ 1 – 367.62
AMD).

From: Emil Lazarian | Ararat NewsPress

Disclaimer: This article was contributed and translated into English by Emil Lazarian. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.

Direct link to this article: https://www.armenianclub.com/2011/08/25/widespread-fraud-in-payment-of-state-pensions-handled-by-large-group/

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS