13:31, March 19, 2015
Disgruntled Nairit Rubber Plant employees again demonstrated outside the Government Building in Yerevan today demanding another meeting with Prime Minister Hovik Abrahamyan to discuss payment of the twenty months in back wages owed them
13:01, November 10, 2014
At today’s parliament session, ARF MP Artzvik Minasyan announced that it had been decided to create a subcommittee to look into the possible reopening of the plant and that it would take up to a year for them to draft a plan of action.
18:18, September 08, 2014
According to a Hetq source, Nairit stockholders met and voted today to dismiss Hovhannes Hakhinyan as the director of the financially strapped rubber plant, replacing him with Ruben Saghatelyan, the current production division deputy director.
13:25, July 02, 2014
Armenia’s Minister of Energy and Natural Resources, Yervand Zakharyan, has deferred from responding to a Hetq inquiry regarding various recent developments at the Nairit rubber plant.
12:06, March 28, 2014
Today, the trial in which the Iranian company SandbadTir INTL Transport Co. Ltd. is demanding that Nairit Plant CJSC be declared bankrupt continued in Yerevan’s Shengavit Court of First Instance.
10:49, November 21, 2013
Employees of the financially strapped Nayirit Rubber Plant in Yerevan have assembled outside the Ministry of Energy and Natural Resources, demanding a meeting with Minister Armen Movisisyan over unpaid back wages.
17:32, August 27, 2013
It turns out that the Police Department, in the person of Police Chief Vladimir Gasparyan, has opted to bury the matter, despite the existence of sound evidence that large amounts were laundered and illegally appropriated.
14:08, June 04, 2013
The ARF faction in parliament today introduced a motion calling for the creation of ad-hoc committee that would look into the operations, loan obligations and privatization of the Nairit Rubber Plant in Yerevan
18:40, May 17, 2013
Hrant Karapetyan’s son Artour was 39 when he dies in the blast. The father is now 81 and lives alone with only a photo album of Artour to keep him company. Every time he leafs through the album, tears stream down his face.
22:35, May 14, 2013
As in the first session, the defendant Rhinoville never showed up at the proceeding. The company argues that the court has no jurisdiction to review the matter involving loans to Armenia’s Nairit Rubber Plant.
13:37, April 12, 2013
On March 14, Hetq sent a letter to RA Prime Minister Tigran Sargsyan, informing him that we had published a series of articles exposing the dubious transactions between Nairit Plant CJSC and Rhinoville Properties Limited, and the embezzlement of loans provided by the Interstate Bank.
20:26, April 04, 2013
Nairit isn’t able to pay wages to its workers because the plant’s former director, Vahan Melkonyan, along with Minister of Energy and Natural Resources Armen Movsisyan, entered into an arrangement whereby they would obtain the rubber produced at cheap prices and then resell at double or triple the price.
15:15, March 27, 2013
Recently, Hetq wrote to the Prosecutor General’s Office as to whether or not our series of investigative articles regarding financial shenanigans at Nairit had lead to any criminal charges or even a criminal investigation.
13:53, March 13, 2013
On the heels of a Hetq investigative series looking into the disappearance of millions of dollars in loans at the Nairit rubber plant, the RA Prosecutor General is now inviting factory employees in for “talks”.
13:45, March 07, 2013
Hetq has spent the last seven months tracking the trail of $170 million in loans received by the Nairit Plant to ostensibly get up and working again. The money has literally vanished under the eyes of a government that daily proclaims to struggle against corruption and all its social ills.
14:35, February 20, 2013
As we wrote previously, in 2009 Nairit Plant received its second large loan of 35.5 billion AMD ($86 million) from Interstate Bank. At the time, Vahan Melkonyan was the director. He also served as the Interstate Bank representative in Armenia.
15:00, February 12, 2013
Over the years millions of dollars have been lent to the Nairit Rubber Plant. No one knows the exact amount. The Armenian government remains tight-lipped on the subject. State officials refuse to talk to Hetq. It’s a sensitive topic and a potentially embarrassing one. Yet another traditional example of money laundering at the highest level.
14:59, January 28, 2013
Eric Narsisyan, Director of Rhinoville Property Limited, a shareholder of Nairit Plant CJSC, appears unwilling to grant Hetq an interview in response to our series of articles following the mysterious money trail of a $70 million loan.
16:48, December 14, 2012
On November 2, one judicial dispute against Nayirit was resolved. This time, an off-shore company of unknown origin lost. At the same time, two judges handed down two separate decisions regarding the dispute.
11:33, November 13, 2012
Nonetheless, ten deputy managers have been officially employed at the plant, receiving astronomical wages, since 2008. The government has been pulling funds from here and there to pay these supervisors.
10:45, November 09, 2012
Rafik Petrosyan has been on paid leave since February 2010. He’s been working at the plant for twenty years as a locksmith. He hasn’t been paid wages for nine months. Rafik gets two-thirds of his regular salary while on leave.