A Yerevan court has approved a motion to release former Hayastan All-Armenian Fund Executive Director Ara Vardanyan on bail of 10 million drams ($21,000).

Vardanyan's lawyer Lusine Sahakyan told Hetq about the court's decision.

Vardanyan was charged with embezzlement in the summer of 2018.

In October 2019, however, Armenia’s National Security Service announced that it had uncovered a new case of theft involving Vardanyan.

Given the new charges, Vardanyan was arrested.