COFFEE DISTRIBUTION COMPANY HEADS INDICTED IN MONEY EMBEZZLEMENT

Panorama.am
16:25 20/10/06

Soon Royal Armenia, a coffee distribution company, will start lays
off of its employees. In the first phase, 48 employees will be
dismissed. The future unemployed must thank Customs State Committee
and National Security Service investigation officials.

Gevorg Minasyan, company lawyer, said they do not have raw coffee
under their disposal at the present situation. The customs service
put a ban on more than 100 tones of coffee dispatch failing to process
necessary documents. The ban is made due to a criminal case instituted
against company directors Gagik Hakobyan and Aram Ghazaryan. The
latter are indicted for customs violations, document fraud and money
embezzlement. /Panorama.am/