Araratcement, a cement factory in Ararat, has been shut down, Panorama reports.
The factory belongs to the family of Vazgen Sargsyan, a notable Armenian politician and military figure. Gagik Tsarukyan of the Prosperous Armenia Party became its owner in 2002.
The factory was shut down on May 26. Locals see a political background in the problem. Commercial director Arman Barsegyan refused to give comments.
Factory staff say that they have loans to pay AGBA.
Rumours say that Armen Sargsyan will soon be the Executive Director.
Vardan Oskanyan, a member of Prosperous Armenia and former Foreign Minister, said that he is unaware of the problem. Speaker of Parliament Ovik Abraamyan said that there is no political aspect in the case.
