Prosecutor Begins Energy Fraud Investigation

YEREVAN (Hayots Ashkharh)–Upon receipt of a lengthy report by a special parliamentary commission on energy–regarding massive fraud and embezzlement from the sector during the early 1990’s–the prosecutor general of Armenia has launched an investigation into the charges.

A spokesperson for the prosecutor’s office stated that this a new phase in the investigation–explaining that a government investigation into abuses in the energy sector were initiated in May 1998–as a result of which 15 people are facing criminal charges and some $1.168 million and 236 million drams have been returned to the government’s coffers.

Hayots Ashkharh points out that $70,000 and 132 million drams of the "returns" occurred during the first half of this year–at the same time that the special commission was compiling its investigative report.

The prosecutor’s office assured that the investigation will continue and will be completed by the deadline set by the parliamentary commission.

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