Saturday, January 26 2019 12:05

ArmInfo. The court granted the request of the investigator to elect a preventive measure as an arrest against the director of the Youth Foundation of Armenia. 

The press secretary of the Investigative Committee Naira Harutyunyan  wrote about this on her Facebook page.It was reported earlier that  the executive director of the Youth Fund of Armenia was charged with  embezzlement and money laundering on a large scale. The investigator  sued for his arrest. According to the Armenian Investigative  Committee, on May 25, 2018, the investigative body received a  statement from Member of the Board of Trustees of the Armenian Youth  Fund, Member of Parliament Karen Avakian that on April 6, the  Executive Director of the Youth Fund of Armenia, on behalf of this  fund, signed an agreement on a loan with 326 million drams (about 672  thousand dollars). On this fact, a criminal case was initiated on the  grounds of paragraph 1 of part 3 of article 179 (Assignment or  embezzlement in especially large amounts) of the Criminal Code of  Armenia.

 The investigation revealed that the citizen who held the position of  executive director of the Youth Fund of Armenia from 2010, from April  29, 2013 to May 22, 2018, assigned the large amount of money  entrusted to him.According to the source, in order to conceal and  distort the fact of assigning an obviously appropriated extra large  amount of money, he legalized this amount by transferring in parts to  the accounts of various affiliated organizations and individuals,  cashing out and carrying out various operations. In particular, in  this way he legalized a particularly large amount of 226 million 464  thousand drams (about 477 thousand dollars), transferring cash in  cash to his mother's account, and then sent from these accounts an  amount of 539 thousand 332 dollars to the account in one of British  banks. "After that, 490 thousand 583 dollars from the British  accounts were transferred to the account of his wife MK, and then  from this account 477 thousand. 485 dollars were transferred to a  personal account in one of the Armenian banks and cashed for personal  use>, - On January 24, 2019, on the basis of the above information,  the Executive Director of the Youth Fund of Armenia was charged under  clause 1 of part 3 of article 179 (Assignment or embezzlement in  especially large amounts) and under clause 1 of part 3 of article 190  (Legalization of income in especially large sizes received by by  horseback) of the Criminal Code of Armenia. Preliminary investigation  continues.