Saturday, January 25 2020 16:37

Armenian Prime Minister instructed to check information on affiliated  entities, who turned out to be among shareholders of the largest  mining enterprise

Armenian Prime Minister instructed to check information on affiliated  entities, who turned out to be among shareholders of the largest  mining enterprise

ArmInfo. Armenian Prime Minister Nikol Pashinyan instructed to check media information that among the shareholders of the country's largest mining enterprise - Zangezur Copper- Molybdenum Combine (ZCMC) - there are people, affiliated with senior officials of the former political regime. This was announced by the prime  minister at a press conference in Syunik, answering the question  whether the legal procedure was given to this information.

According to the prime minister, after this information appeared, he  ordered to verify this information and if it is confirmed, then he  did not exclude the existence of corruption risks in this regard. , said  Pashinyan. 

It should be noted that Zangezur Copper-Molybdenum Combine CJSC is  the largest mining company in Armenia. The company's shareholders are  officially the German Cronimet Mining company (60%), Yerevan Pure  Iron Plant OJSC (15%), Armenian Molybdenum Production LLC and  Zangezur Mining LLC (12.5% each). However, some experts, after  checking the information, considered it incomplete and not  transparent, since the structure of minority shareholders is not  clear. The press passed information about the presence of interests  in it on the part of the family members of the tformer President of  Armenia Serzh Sargsyan who resigned after the "velvet revolution". A  number of parliamentarians of Armenia appealed to the relevant  authorities with a demand to start an investigation into the fact  that rather "modest" persons, especially close to the family of the  former president, began to own the multimillion-dollar assets of the  company.