YEREVAN, August 26. / ARKA /. Armenian police said they have put Hovhannes Hambardzumian, a former employee of Ardshininvestbank’s branch in Vardenis, in Gegharkunik province, on the list of wanted criminals.

According to a statement posted on the Police Service’s official website, in 2006-2007, former employees of the branch, its manager Armen Baghdasarian and employee Hovhannes Hambardzumian, entered into a collusion with a private entrepreneur Khachatur Shaboyan and director of Vasarat Ltd., Hovik Khachatrian, prepared false documents on behalf of borrowers, worth 95.8 million drams.Then, under the pretext of purchasing by installment plan electronic appliances valued at some 27.6 million dollars, they signed contracts for provision of loans. This amount was in parts transferred to the bank accounts of Kh. Shaboyan company engaged in the sale of household appliances, and Vasarat company and then was cashed and pocketed. Khachatryan and Baghdasarian were convicted, but Hovhannes Hambardzumian born in 1974, fled to avoid trial, and now is wanted.  -0-