Company Charged with Embezzling 3 Million AMD
hetq
13:42, June 13, 2011
The Lori Regional Prosecutor has launched a criminal case regarding
embezzlement allegations directed against “Varmash” Ltd. and certain
company financial officers.
Preliminary investigation revealed that during May-December 2008, the
director of the company and other officers failed to completely carry
out road renovations at Katnarat as specified in a March 5, 2008
contract it signed with the RA Ministry of Transportation and
Communications.
By not performing certain contractual duties, the company was able to
embezzle just over 3 million AMD.
Disclaimer: This article was contributed and translated into English by Badalian Vardan. 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/2011/06/19/company-charged-with-embezzling-3-million-amd/