Supervisory Chamber finds misappropriations at Yerevan municipality

The Supervisory Chamber of Armenia found some misappropriations at the Yerevan Municipality.

According to the website of the Supervisory Chamber, inspection of the construction and repair of 22 facilities revealed that 8.2 million drams out of 510.34 million drams spent on construction were just embezzled. In addition, 24.8 million drams were spent on unsatisfactory construction. The Chamber revealed embezzlement of funds in the range of 10 million drams by Nor Barekargum Company established by the Municipality.

Earlier on Monday, the Armenian National Congress blamed Yerevan mayor Taron Margaryan for swindle and money laundering.

Deputy chairman of ANC party, the head of the ANC parliamentary faction, Levon Zurabyan, said in press-conference:  "Today we sent a letter to Armenia's Prosecutor General's office with a request to file a lawsuit against Margaryan under the article  - swindle. We ask law-enforcement agencies of Armenia to hold the relevant investigation and to bring Yerevan mayor to responsibility."

He also added that specific facts were submitted, based on income declarations presented by Margaryan in 2005, 2007 and 2013. In particular, according to the declaration, in 2005 being the head of Avan community of Yerevan, Margaryan earned about 7 million 400 thsd drams, but in 2007 he earned 54 mln drams, $50 thsd and bought jewelry for 80 mln drams, though his salary was 130 thsd drams (about $310). Moreover, in 2013 Margaryan declared his property at $6 mln, though actually his property exceeds $10 mln. In 2013 Margaryan earned 115 mln drams, $50 thsd and 50thsd EUR, several motor-cars, dozens of houses in Yerevan, etc, Zurabyan said. "So, thanks to simple mathematics and taking into consideration the fact that Margaryan had no extra revenues, one can say that the given funds were got by means of swindle", - Zurabyan said.