Mon, 3 February
-7.9 C
Yerevan
USD: 397.35 RUB: 4.04 EUR: 412.25 GEL: 139.06 GBP: 493.31
spot_img

Arpine Hovhannisyan unhappy about central bank’s support for Armenian prime minister’s initiative

YEREVAN, March 18. /ARKA/. Arpine Hovhannisyan, former vice-speaker at the Armenian parliament and former justice minister, has accused the Central Bank of Armenia of undermining Prime Minister Nikol Pashinyan’s rule by supporting his initiative of seizure of illegally acquired property without charge or trial.

On March 1, 2019, she said, Pashinyan established a working group to organize discussions for putting the concept worked out by the central bank into practice.

Hovhannisyan wrote on her Facebook page that nobody has taken any notice of this news, while this is “a delayed-action bomb not only for Armenia’s statehood, but also for Nikol Pashinyan’s rule”.

Prime Minister Nikol Pashinyan wants to return stolen property and financial resources and use them for developing the country.

Hovhannisyan declared on her Facebook page that “she finds this intention good”, but she is unhappy about the proposed scheme.

In her opinion, not only criminals, but also persons in Armenia and abroad who have nothing in common with them will face problems.

She also said that the existence of such institutions would show “the law enforcement agencies’ disability to prove something by opening criminal cases”.

Harut Berberyan, the regulator spokesman, responding to Arpine Hovhannisyan’s attack, reminded her that the central bank is an independent organization and pointed out that her stern wording irrelevant to things.

In its statement, the central bank says that the concept is completely in tune with the Council of Europe Convention on Laundering, Search, Seizure and Confiscation of the Proceeds from Crime and on the Financing of Terrorism, which was ratified by Armenia in 2008 without any reservations.

The institution of property seizure without charge or trial is described also in the United Nations Convention against Corruption, which was ratified in Armenia in 2017.
Besides, the Financial Action Task Force on Money Laundering says in its recommendations gives clear requirements to the institutions.

The Central Bank of Armenia says in its statement that such institutions had been introduced either by many countries, including Georgia, Russia, Italy, the Great Britain and the United States and their introduction in Armenia will be based on the international experience. -0—

spot_img

POPULAR

Armenia’s equity market capitalization surges by 60% to AMD 256 bn

The insights of the first quarter at Armenia Securities Exchange (AMX) have shown a surge of market and trade values of securities in comparison with the same quarter data in the last two years, AMX said in a press release today

Mandatory health insurance will not be introduced in Armenia in the next years

Mandatory health insurance will not be introduced in Armenia in the next two years, executive director of insurance company "Garant-Limens" Artak Martirosyan said.

Combined total assets of armenian insurance companies in 2011 grew by 23.2% from a year earlier

The combined total assets of Armenian insurance companies

20,000 dram banknote of 2024 issue put into circulation in Armenia

The Central Bank of Armenia reported about putting into circulation from January 27 this year a banknote with a nominal value of 20,000 drams of 2024 issue, which is a legal tender on the territory of the country and is subject to unconditional acceptance at its nominal value without time limitations.

VTB Bank (Armenia) announces another drop in loan interest rates

The VTB Bank (Armenia) has announced another drop in interest rates on gold-secured loans, as well as on the applied commissions

LATEST NEWS

spot_imgspot_imgspot_img