Interim director of the Hayastan All-Armenia Fund Bedros Terzian (left) meets with Prime Minister Nikol Pashinyan
YEREVAN—The newly-appointed interim director of Hayastan All-Armenia Fund, Bedros Terzian, held meetings with Prime Minister Nikol Pashinyan and President Armen Sarkissian on Monday to discuss his vision for confronting the challenges facing the fund after the previous executive director admitted to using organizational funds for online gambling.
President Sarkissian named Terzian, who has been the chairman of the Hayastan Fund’s France affiliate, to be interim director of the fund and head the effort to find a new director after Ara Vardanyan, the previous director, was taken into custody for misappropriation of funds. Vardanyan submitted his resignation last week, two days after posting a 1 million dram (around $2,089) bail.
In welcoming Terzian, Pashinyan lamented that their meeting was taking place under the current cloud that has formed over the Hayastan All-Armenia Fund after Vardanyan’s revelations about misappropriating of organizational funds, which Pashinyan called an “inadmissible act.â€
