YEREVAN. – The New York Court made a decision on Sept. 6 to fine Armenia’s former Minister of Nature Protection, ruling Republican Party influential MP Vardan Ayvazyan for $37,537,978.02 for benefit of Global Gold Mining Company (GGM).

According to the verdict, one of the GGM branch companies was subjected to corrupted and improper demands by the Armenian former Minister in 2006, Hetq informs.

As a result of the corrupted demands, the New York court fined Ayvazyan for $37,537,978.02, including the compensation and fines.

However, the verdict is likely to have no consequences for Ayvazyan as there was no agreement signed between Armenia and the United States on that field. The only consequence for Ayvazyan will be the impossibility to enter USA. Currently Ayvazyan is head of the Standing Committee on Econimic Affairs of the Armenian Parliament.

Photo by Sona Barseghyan