WHY DOESN’T THE GOVERNMENT PULL THE PLUG ON "GLENDALE HILLS"?
Edik Baghdasaryan
lz-8/
2010/02/25 | 12:35
Feature Stories society
Inferior construction in Gyumri leads to new contract in Spitak
Two months ago, it became apparent that the buildings constructed
by Glendale Hills with government money intended to house homeless
families in Gyumri, were sub-standard.
The buildings were so inferior in terms of quality that the government,
at the directive of the president himself, forced the company to
basically start from scratch. For example, Glendale Hills had to
strip about 30,000 square meters of plastered walls and refinish them.
But it seems that Glendale Hills hasn’t learnt from its mistakes. A
scandal is about to break in Spitak, where the company has a contract
to hand over 300 apartments to the government.
It turns out that the ceilings on the top floors have been fashioned
out of "penoplast" (a foam polystyrene construct). This has amazed
many in the industry who are surprised that the builders were even
able to install roofs on the top floors.
Glendale Hills and the names of its shareholders have been popping
up in various government decisions ever since 2004.
One of the company’s owners is Vahe Yaghoubian, a diaspora Armenian
entrepreneur. Yaghoubian, an attorney by profession, has been a
government insider for the past twelve years.
But this isn’t sufficient for the company to get away with such
construction methods and to pocket super profits.
Company construction sites are off limits not only to inquisitive
reporters but also to officials from the Ministry of Urban
Development. Thus, one can assume that the company owners enjoy a
privileged position in the ruling government’s pyramid of power.
Glendale Hills is a closed joint stock company and the names of
all its shareholders aren’t known. In addition to Vahe Yaghoubian,
another name bandied about is RoA MP Davit Harutyunyan . There’s also
talk of an unnamed Arab from Lebanon as stockholder.
The owners of Glendale Hills are adept at pulling strings because
they’ve once again been able to get their hands on state funds for
Gyumri construction, rather than being sued for misusing state funds.
There’s a certain top government official that’s been to Spitak and
seen the roofs of the new buildings. This official has said that even
Armenia’s worst enemy wouldn’t have built something similar.
The question on everyone’s mind is why the government is allowing
Glendale Hills to continue operating at taxpayer expense, given its
lousy track record?
Perhaps Prime Minister Tigran Sargsyan has a rational explanation
From: Emil Lazarian | Ararat NewsPress
