ARMENIAN ENTREPRENEURS PUNISHED FOR GREED

PanARMENIAN.Net
16.02.2009 16:29 GMT+04:00

/PanARMENIAN.Net/ Mokonat and Kari Tov companies, leaders of Armenian
rice market, had to pay more that AMD 40.5 million into the state
budget.

According to the State Committee for Economical Competition Protection,
examination of unjustified rise in prices for rice last October showed
that the companies intended to suspend their activities.

The Committee’s suspicions were roused by the fact that the companies
were suspending their activities in spite of high income levels. The
information was submitted to Prosecutor General’s Office and State
Revenue Committee.

As result of a checkup, Mokonat paid more than AMD 20.5 million into
state budget, and Kari Tov paid more than AMD 20 million.