As we reported earlier, the director of the Hayastan All-Armenian Fund was arrested for his involvement

in the national security service. The Special Investigative Committee indicted former Minister of Defense Mikael Harputypunyan in connection with the events of March 1, and is still under investigation.

Before the board session, the former director of the Foundation Artpur Vanetsyan stated that Ara Vardanyan claims that he used the credit line of 25 million drams provided to the foundation for personal purposes, but he returned the borrowed money.

«In his announcement, he returned it, but now we will implement the plan, it will be clear. I still cannot give a clear answer to that question. Let’s be clear, he recently withdrew 130 million drams and played in casinos.

There should be confirmations, they will be confirmed, we will inform you. Using a credit line in itself is always a pity.»

«Mikael Harputypunyan left the country even before the criminal prosecution had started against him. AA Ts is in full control of the whole situation.»