Armenian prosecutors reveal 2 billion drams worth embezzlement
21.10.2019,
15:28
The Office of Armenia's Prosecutor General unveiled some details of a criminal case that involves more than 2 billion drams embezzlement of government money that was released to finance a program designed for restore the stocks of trout in Lake Sevan.
YEREVAN, October 21. /ARKA/. The Office of Armenia's Prosecutor General unveiled some details of a criminal case that involves more than 2 billion drams embezzlement of government money that was released to finance a program designed for restore the stocks of trout in Lake Sevan.
According to the Office of Prosecutor General, its employees had looked into a long string of documents regarding the financial and economic activities of Trout Reserves and Fish Development Fund in Sevan and the Sevan Trout and Sevan Aqua CJSC it had founded.
The Office of Prosecutor General's said some 9 billion drams had been released for that program by the government in 2013-2018, part of which was stolen by using various tools and schemes, while another part of the money was used ineffectively.
In particular, fry worth 180 million drams were purchased in Gyumri, but they were not taken to the lake due to lack of infrastructure. Also a fraudulent scheme was used in the process of implementing a contract with a Ukrainian company for the construction and delivery of a catamaran to Armenia.
Other criminal abuses were identified as well. Thus, top managers of aforementioned companies falsified documents and appropriated more than 1 billion drams of budget funds in 2014-2019 causing damage worth about 1, 3 billion drams.
Prosecutors have launched a criminal case under paragraph 1 of part 3 of article 179 (appropriation or embezzlement on an especially large scale), part 2 of article 214 ((abuse of power by employees of commercial or other organizations that entailed grave consequences) and part 2 of article 325 (forgery, sale or use of documents, stamps, seals, letterheads, state numbers of vehicles) of the Criminal Code of Armenia. The investigation of the criminal case is being handled by the Investigative Committee. --0--
According to the Office of Prosecutor General, its employees had looked into a long string of documents regarding the financial and economic activities of Trout Reserves and Fish Development Fund in Sevan and the Sevan Trout and Sevan Aqua CJSC it had founded.
The Office of Prosecutor General's said some 9 billion drams had been released for that program by the government in 2013-2018, part of which was stolen by using various tools and schemes, while another part of the money was used ineffectively.
In particular, fry worth 180 million drams were purchased in Gyumri, but they were not taken to the lake due to lack of infrastructure. Also a fraudulent scheme was used in the process of implementing a contract with a Ukrainian company for the construction and delivery of a catamaran to Armenia.
Other criminal abuses were identified as well. Thus, top managers of aforementioned companies falsified documents and appropriated more than 1 billion drams of budget funds in 2014-2019 causing damage worth about 1, 3 billion drams.
Prosecutors have launched a criminal case under paragraph 1 of part 3 of article 179 (appropriation or embezzlement on an especially large scale), part 2 of article 214 ((abuse of power by employees of commercial or other organizations that entailed grave consequences) and part 2 of article 325 (forgery, sale or use of documents, stamps, seals, letterheads, state numbers of vehicles) of the Criminal Code of Armenia. The investigation of the criminal case is being handled by the Investigative Committee. --0--
