ara vardanyan
Head of Armenian diaspora fund arrested for ‘squandering money on gambling’
Armenia’s National Security Service (NSS) announced on Tuesday the arrest of Ara Vardanyan, executive director of the Hayastan All-Armenian Fund. Vardanyan was charged with embezzlement and misuse of the organisation’s funds. The authorities accused Vardanyan of misappropriating approximately ֏130 million ($270,000) from the Hayastan Fund over the past two years, including ֏14 million (almost $29,000) in just the past week. Officials report that once presented with the evidence against hi
