Friday, November 15 2019 13:40
Karina Manukyan

Ex-Director of Hayastan All-Armenian Fund to remain under arrest

Ex-Director of Hayastan All-Armenian Fund to remain under arrest

ArmInfo. On October 15, the  Criminal Court of Appeal rejected the motion of the defense to change  the preventive measure of ex-director of the Hayastan All- Armenian  Fund Ara Vardanyan.

This information was confirmed by the lawyer of the accused Yervand  Varosyan. Recall that on October 10, by a court decision, the  preventive measure against Vardanyan was changed from a security  deposit.  Ex-Director of Hayastan All-Armenian Fund was detained by  the National Security Council of Armenia in July 2018. He is charged  with abuse of power. According to the National Security Council,  Vardanyan admitted that he used the Fund's credit line of 25 million  drams for bets at various online casinos. However, as representatives  of the fund subsequently stated, Vardanyan returned the funds spent  from the budget even before the intervention of law enforcement  agencies. 

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