ArmInfo. All the money spent by the Board of Trustees of the "Yerevan" Foundation has been returned to the state budget. Head of the National Security Service of Armenia Artur Vanetsyan stated in an interview with journalists On February 1.
According to him, the damage caused by the foundation has been fully restored. "During the investigation, it was proved that the fund was squandered by one half of the funds, and the other was used inefficiently. The damage in the amount of 1.8 billion drams was compensated," the head of the National Security Service said.
To note, in July 2018, the National Security Service of Armenia conducted searches at the offices of the "Yerevan" Foundation in the case of abuse and fraud committed by the Foundation in the exercise of official position. The reason was the complaints of citizens that officials of the mayor's office for the provision of a building permit or property registration, in addition to the payments fixed by law, require transferring large funds to the fund's account.