Tuesday, March 3 2020 16:57

ArmInfo. The National Security Service of Armenia presented the details of the criminal case of embezzlement on a particularly large scale by high-ranking official  of the State Revenue Committee (SRC).

Thus, according to the report of the National Security Service of the  Republic of Armenia, in the framework of the criminal case, factual  information was obtained that between 2009 and 2016, the person  holding the post of deputy chairman of the SRC of Armenia, then  deputy minister of finance, in defiance of the interests of the  service, abused his official position, and proceeding from personal  and group interest provided material benefits to relatives of his  superior.

In particular, the above official, with the participation of other  officials who have official dependence on him, in violation of the  provisions of the Armenian legislation, ensured the sale at a  substantially lower market value of 132,615 shares of Hydroapparatus  OJSC pledged by a commercial entity to the SRC of the Republic of  Armenia for obligations of less than 80 billion drams of a company  established by a relative of the head of the SRC, while relieving the  above company from obligations to make investments in the amount of  5,000,000 euros.

"In addition, knowing that the organization, registered by the  relatives of the Minister of Finance of the Republic of Armenia in  the offshore zone, provided a loan of $ 6,000,000 to an economic  entity that was banned due to non- fulfillment of tax obligations,  for personal and group purposes contrary to the law, he instructed  the head of the relevant tax service to eliminate the ban, "the RA  NSS emphasized, adding that the actions within the framework of these  two episodes discredited the state body, interrupted its normal  functioning and created unequal conditions for other possible  participants in the process, as a result of which the state suffered  material damage in the amount of about 125 million drams, and the  organizations - 2.5 billion drams.

When comparing the evidence obtained in a criminal case, the former  deputy head of the SRC and subsequently the deputy minister of  finance, was charged. A recognizance not to leave was chosen as a  measure of restraint. The preliminary investigation continues. It  should be noted that the name of the Deputy Minister of the SRC and  the Ministry of Finance of the Republic of Armenia is not indicated  in the NSS.