YEREVAN. - Department of Especially Important Cases of the Investigative Committee of Armenia has disclosed another criminal fraud related to the grants provided by the EU Delegation to Armenia.

The director of an NGO is charged with the misappropriation of 134.620 euro, the agency's press-service reports. The investigation revealed the mechanism of the crime and the inflicted damages were compensated.

It was established that the organization took part in a grant competition in 2008. It presented a program and in December of the same year an agreement for several years was signed in December of the same year. The amount was transferred to the organization's account, but the latter failed to carry out its obligations, its representative merely misappropriating the money. The misappropriated amount is assessed at 134.620 euro or 67.335.130 AMD.

To explain the ''disappearance'' of money, forged documents were quickly drawn out on allegedly emerged additional expenses.

The NGO's director has been charged under Article 178(1)(3) and Article 325 (2). The inflicted damages have been fully compensated.

Earlier, information was disseminated on another case of fraud related to EU grants. 10 people have been involved in this case as defendents.