08.10.2019 | Another case of sale of state property on the basis of a false conclusion at a price 3 times lower than the real market value has been detected. Criminal case has been initiated

In the course of the study, carried out by State Interests Protection Department of the RA Prosecutor General 's Office on the basis of a letter and documents attached to it, received from the RA State Property Management Committee, it has been found out that the officials of the RA State Property Management Committee, by violating the requirements of the RA Law << On procurement >> without procurement procedures set by the Law and concluding an agreement, in 2017 have offered  LLC to carry out works on property evaluation.

 

Based on this offer on 16.02.2017 LLC has assessed a public building with an area of 1253.5 sq/m. at the address: Yerevan, Shengavit, Bagratunyats st. 2nd lane N 23 and a land area of 796.6 sq / m. and as a result of this, the real estate has been estimated for 39.2 million AMD.

 

On the basis of assessment, by the resolution of the RA Government dated 14.09.2017 N 1126-A, the indicated property has been simply alienated for  22.4 million AMD.

Hereinafter, in the period of 2019 an analysis of the market price of the indicated property as of 2017 has been carried out, as a result of which it has been established that the market price of the alienated property in 2017 could be not 39.22 AMD, but 80 million AMD.

 

It has been found out that in the process of evaluating public real estate, the requirements of the evaluation standards have been violated by the LLC. In particular, the property has been evaluated without conducting a technical inspection inside the building and the chosen option for assessing the market value of the land has not been justified. As a result, property with a real value of 80 million AMD has been estimated for 39.2 million AMD. Then, on the basis of this, LLC specialist has drafted and the director has approved a false conclusion, on the basis of which the property has been alienated at a price 3 times lower than the real market value and the state has suffered a damage  in the amount of 58 million AMD.

 

Notice: Every person suspected in or charged with a criminal offense shall be presumed innocent unless proved guilty in the manner prescribed by the RA Criminal Procedure Code and unless the verdict comes into legal force.