Unconscientious foundations, including "Yerevan" Foundation will pay  administrative penal fines 

ArmInfo.In the framework of administrative proceedings administrative penalties will be applied towards unconscientious foundations, "Yerevan" Foundation among them,  Chairman of the State Revenues Committee of Armenia David Ananyan  told journalists on June 15. 

According to him, Yerevan Foundation and other foundations had to  provide data on received funds to the Committee, but they did not do  that. Currently the Tax-Customs Committee checks all the "unfair"  foundations. 

To note, the NSS has recently conducted inspections in the Yerevan  City Hall regarding the work of the Yerevan Foundation, whose head of  board of trustees is Mayor Taron Margaryan. As a result of the  inspections, the director of the Foundation Ashot Ghazaryan and  Deputy Head of the Yerevan Davidashen district Khachatur Kirakosyan  were detained on June 14. As the press center of the National  Security Service informed, an alarm was received from the citizens  V.G.  and A.Kh.  that officials of the municipality for granting  permission to  build and formalize property rights, in addition to  the payments  established by law, required to transfer large amounts  of money to  the accounts of the "Yerevan" Foundation.    During the  preparation of the materials it was found out that, part of the  received cash was not paid to the foundation's account, but was  appropriated.  On the basis of reports of the crime, a criminal case   was instituted in accordance with Part 2 of Article 308 (abuse of   official powers, which resulted in grave consequences by negligence)   and Article 178, part 1 (fraud committed through the use of official   position). Within the framework of the criminal case, a search was   conducted in the office of the Yerevan Foundation, located in the   building of the mayor's office. Large- scale operative- search and   investigative measures are being conducted to establish the  circumstances of luring money from citizens, spending funds, the   purpose, as well as establishing the legality of actions.