Armenia is governed by clan, businessman says in Russia

Haykakan Zhamanak: Armenia is governed by clan, businessman says in Russia

11:33 – 15.06.13

Russian-Armenian businessman Ruben Vardanyan has describe the Armenian
authorities as a clan-governed homogenous system in a recent interview
with the popular TV channel Dozhd.

Vardanyan, who has collaborated with the Armenian authorities for many
years, making investments in the country, is now facing serious
problems, according to the paper.

The offshore scandal targeting Prime Minister Tigran Sargsyan is said
to be linked to the Ameria bank, which is owned by him.

Citing recent reports in the press, the paper says that the premier
received over a $10bn. worth loan from the bank, which was later
reduced to dust.

The paper notes that it is quite possible that the severe criticism
voiced recently in that connection is the result of that storey.

http://www.tert.am/en/news/2013/06/15/gorcarar/

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