Former Minister Receives 8 Year Sentence

YEREVAN (AP)–Armenia’s former minister of light industry was sentenced Wednesday to eight years in prison and ordered to pay $500,000 in the highest reaching corruption case in Armenia’s seven years of independence.

The court also said it was confiscating half of Rudolf Teimurasian’s property.

Teimurasian was minister of light industries when China granted Armenia a $5 million loan for industrial development. In what became known as the "China case," he and a group of accomplices were accused and convicted of stealing $4,098,000 of the money.

Teimurasian was fired in 1992–the year after the loan was granted and the theft was uncovered. Eventually–just under $1.4 million of the stolen money was returned to the federal budget–authorities said.

Authors

Discussion Policy

Comments are welcomed and encouraged. Though you are fully responsible for the content you post, comments that include profanity, personal attacks or other inappropriate material will not be permitted. Asbarez reserves the right to block users who violate any of our posting standards and policies.

*

Top