YEREVAN. – A large-scale embezzlement has been exposed in the procurement for the needs of the Ministry of Defense (MOD) of Armenia.
According to preliminary data, reaching a criminal agreement with a procurement company, several MOD officials had signed a procurement contract with this company at an overstated price, the National Security Service (NSS) informed Armenian News-NEWS.am.
And based on this contract, instead of the actual market price of the products to be procured, they had transferred AMD 21,700,000 (approx. US$45,800) more to this company, and as a result, this large sum of money was misspent.
The NSS has launched a criminal case into this crime.