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HayPost CJSC Appeals To The Law-Enforcement Agencies With A Request

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  • HayPost CJSC Appeals To The Law-Enforcement Agencies With A Request

    HAYPOST CJSC APPEALS TO THE LAW-ENFORCEMENT AGENCIES WITH A REQUEST TO MAKE AN INVESTIGATION

    arminfo
    2007-08-29 17:58:00

    HayPost CJSC appealed to the Armenian law-enforcement agencies with a
    request to make an investigation concerning the damage, inflicted on
    the company during the last 5 years because of operation of service
    vehicles.

    According to the source, the company revealed serious violations of
    vehicle fleet management by some employees and officials of HayPost,
    supposedly involving fraud and embezzlement, and inflicting significant
    losses on the company. This concerns procurement and usage of petrol,
    usage of vehicles, and repairs and maintenance of vehicles. The company
    applied to the law enforcement authorities to investigate the matter
    and proceed accordingly.

    To note, since June 2007 the company has undertaken subsequent
    executive management changes, aimed at creating an image of impartial,
    transparent accountable and reliable company.

    To recall, on 30 November 2006 the complete block of shares of HayPost
    CJSC was placed into the trust of the Dutch CJSC "Haypost Trust
    Management", which belongs to the Dutch Postfinance and which was
    created for the above-mentioned purposes. The agreement on management
    was signed for a five-year term, with a right to prolong it for five
    more years.
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