16 Million Drams Embezzlement Case Involving Gagik Tsarukyan's Associates

The former director of the "Gagik Tsarukyan Sports and Culture Complex" in Abovyan, Hovik Hakobyan, reportedly misappropriated funds totaling around 16 million drams between August 2013 and December 2016. This was achieved by improperly utilizing his official position and failing to deposit various sports fees paid by numerous citizens into the center's bank account.

According to Shamshyan.com, the police have discovered that Hakobyan used the entire amount for personal needs. The investigation has revealed that similar patterns of misconduct, including various abuses and embezzlements, are continuing under the current director.

The Arabkir police have confirmed that H. Hakobyan directed the full sum for personal benefits, leading to the embezzlement of approximately 16 million drams. Furthermore, the information gathered suggests that corrupt practices persist in the management of the sports center.

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