SRC: Damage caused to the state by "Nairi Insurance" amounted to 200  million AMD

ArmInfo. According to preliminary calculations, "Nairi Insurance" LLC caused damage to the state in the amount of 200 million drams (about $ 415 thousand), the  State Revenue Committee (SRC) of Armenia informs.

As reported by the press service of the Tax and Customs Committee,  within the framework of the cooperation of the Investigation  Department of the SRC and the General Directorate on Combating  Organized Crime (GDCOC) of the RA Police on the detection of  corruption crimes, a case of tax evasion on a large scale was  revealed.

Employees of GDCOC found out that the management of Nairi Insurance  prepared insurance policies with beneficiaries on behalf of various  insurance intermediaries, writing out commission fees for this.  Individual entrepreneurs who acted as insurance intermediaries turned  out to be former employees of Nairi Insurance, as well as other  persons interconnected with the company. The latter did not actually  carry out insurance activities, but in their names, as a commission  for intermediary services for concluding insurance contracts, Nairi  Insurance transferred amounts on a particularly large scale.

"As a result in its report for 2016-2017, Nairi Insurance included  those transfers for intermediary services in expenses, thereby  reducing the taxable income in the relevant amount, which, according  to preliminary calculations, caused 200 million drams damage to the  state (without fines and penalties) ", the statement of the SRC  reads.  Based on the fact, a criminal case has been initiated in the  RA Police Department on grounds of part 2, Article 205 (evasion of  taxes, duties, or other obligatory payments) of the Criminal Code of  Armenia. The preliminary investigation of the case continues, the  necessary actions are taken to clarify the circle of persons of the  alleged crime, clarify the final extent of the damage caused to the  state, and transfer these funds to the state budget.