YEREVAN.- Director of National Security Service Arthur Vanetsyan says former Mayor of Yerevan Taron Margaryan was questioned over the Yerevan Foundation fraud case.

He noted that Margaryan has a witness status in this case. According to Vanetsyan, at this point we have 1 billion and 807 million-dram (approx. US$3,763,400) misuse at Yerevan Foundation.

"The director of the Yerevan Foundation has already given written consent for the recovery of these amounts, "he said.

Earlier it was reported that search was carried out—under this criminal case—at the Yerevan Foundation offices, which are located in the Yerevan Municipality building, and intelligence-gathering and investigative actions are still in progress. To note, chairman of the Yerevan Foundation Board of Trustees is Mayor Taron Margaryan.

Subsequently, the NSS filed a criminal case on charges of misuse of official powers, and fraud.