South Caucasus Railroads Puts Up To Auction Extra Cars And Cottage

SOUTH-CAUCASUS RAILROADS PUTS UP TO AUCTION EXTRA CARS AND COTTAGE

Panorama.am
18:12 25/02/2009

The matter of official investigation on the peculation of investments
of the "South Caucasus Railroads" Company finished and a report
is to be presented within 10 days to the Minister of Transport and
Communication of Armenia, said the General Director of the Company
Shevcet Shaidulin in a press conference.

Remind that at the end of the previous year some publications appeared
in the local mass media about the peculation of investment means of
the current company. Particularly, it was mentioned that expensive
cars and apartments have been bought spending those means.

According to the General Director of the Company those cars and
apartments were bought to receive foreign guests but they were not
bought on investment money. He also said that ten extra cars and one
cottage would be put up to the auction because they did not need them
as much.