HAYASTAN All-ARMENIAN FUND DOES NOT CONSIDER PROGRAMS IMPLEMENTED IN NKR AS FAILURE

Noyan Tapan News Agency, Armenia
Oct 18 2006

YEREVAN, OCTOBER 18, NOYAN TAPAN. The Hayastan All-Armenian Fund does
not agree with the qualifications that the fund’s programs in Nagorno
Karabakh should be considered as a failure, Naira Melkumian, Executive
Director of the fund, stated at the October 18 press conference. She
said that the fund conducts a comprehensive international audit
twice a year. "If the board of trustees had any serious complaints,
it would express them," N. Melkumian noted.

According to her, all documents of the fund were carefully examined
by the head of the fund’s New York local body on September 25-26.

As for accusations that the program-envisaged construction tenders
were held by false documents, N. Melkumian said that they hold such
tenders based on a definite procedure.

In her words, the cases concerning the collapsed sections of
North-South Highway were sent to the NKR Prosecutor’s Office and are
being examined. These sections have been repaired. According to her,
the fund does not bear responsibility for this. "May be it happened
because of bad maintenance of the road," she said.