The National Security Service (NSS) of Armenia has revealed a case of large theft.

The NSS informed Armenian News-NEWS.am that fact were ascertained that some officials of the Yerevan Municipality and administrative districts did not properly supervise the activities of Davars company’s contract-based duty of residential building refuse service, construction waste removal, and river-bed cleaning.

These officials ignored this company’s regular breach of contract clauses, signed exaggerated enforcement acts by company employees, as well as records of acceptance and delivery of works and services.

As a result, about 450,000,000 drams of state funds have been stolen.

The NSS has initiated a criminal case.

An investigation is underway.