Time in Yerevan: 11:07:36,   26 March

State Oversight Service recovers hundreds of millions in misused funds

YEREVAN, FEBRUARY 15, ARMENPRESS. The State Oversight Service of Armenia has recovered 827,000,000 drams in misused funds from 2018 until 2019.

State Oversight Service chief Davit Sanasaryan told reporters that 350,000,000 alone was recovered as a result of a probe at the Agrarian University of Armenia.

Sanasaryan says agents of the service are currently investigating suspected abuses in various bodies, namely at the Yerevan State Medical University.

“There are different results, but it would be inappropriate for me to speak about it now. We will disclose it when we finish. I suppose we will finish in late March,” he said.

Acording to Sanasaryan, studies at the Armenian Youth Foundation have also been concluded. “As you know, there was a criminal case concerning this foundation, we have found out how the funds were spent. However, I cannot speak about the results of the studies at this moment,” he said.

Edited and translated by Stepan Kocharyan

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