28.06.2019 | With gross criminal mechanisms creating the illusion of a commitment of 2 million dollars in investment liabilities the removal of the arrest of an alienated medical center has been ensured

The Department of State Interests Protection of the General Prosecutor's Office of the Republic of Armenia in the course of the inspection has revealed gross violations during the process of alienation of the medical center operating in Tavush region by not fulfilling investment commitments of $ 2 million.


In 2014, the government decided to alienate the medical center through direct sales, on the basis of which the State Property Management Committee signed a contract with an LLC on the alienation of the state property of the medical center and its provision on bail.


In accordance with the document, the company has committed itself for 5 years annually in equal shares to make investments totaling $ 2 million. At the same time, before the completion of investment obligations, the property should have remained on the balance sheet of the committee.


On October 11, 2017, the company asked to withdraw the pledge on the property with the justification that its investment obligations were fulfilled as follows: on September 13, 2015, about 208,351,000 drams, as of June 28, 2017 - 661.5 27.000 drams and on October 11, 2017 - 342.628.000 drams. However, testing has shown that the company presented data on the execution of investment obligations do not correspond to reality.  In particular, on September 23, 2012, the company provided the Committee with information on investments in the amount of 208.3 million drams, attaching the balance sheet and expert opinion to it. According to the presented data, 102.8 million drams were spent on the construction, while the State Revenue Committee does not have information on the bills issued for the construction work. In addition, on July 28, 2017, the company informed the State Property Management Committee that, due to the reorganization through a merger with another company, an amount of 661.5 million drams was jointly invested and asked to take into account the fulfillment of obligations. However, according to data provided by the Committee on the Registration of Legal Persons of the Ministry of Justice, it turned out that on February 2, 2017 the company was reorganized, as a result of which a new LLC was created. And the amount of 661.5 million drams was transferred as the authorized capital. A few months later, the new company merged with the former LLC, as a result of which the amount on the balance of the authorized capital was credited as an investment obligation. As a result of inspections it became clear that in 2015-2017 Responsible officials of the State Committee on State Property Management, using their official position contrary to state interests, viewed unrealized construction work, financial flows due to fictitious reorganization, and valuation of the company's assets on the balance sheet as investment obligations and illegally removed the property of the medical center from pledge.


Data was obtained on the fraudulent use and falsification of documents by participants and responsible persons of the Company, as well as fraudulently acquiring the right to own property.


On the basis of the facts received, a criminal case has been  initiated in the Department of State Interests Protection of the General Prosecutor's Office on the grounds provided for by p. 1p.  3 art.  178, p. 2 art. 308, p. 2 art.  315 and p. 2 art. 325 of the RA Criminal Code.


Note: 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.