"NAIRI INSURANCE" ILLC in response to the accusations of the SRC: No  inspections were carried out and it is not clear what facts and  abuses are involved

ArmInfo. "NAIRI INSURANCE" ILLC in response to the accusations of the State Revenue Committee of Armenia officially states that the SRC employees did not visit the insurance company at this time to conduct inspections, and it is  unclear what abuses and preliminary calculations the SRC report is  based on and what facts it is based on.

ArmInfo received an official statement from the "NAIRI INSURANCE" ILLC on January 21, after the publication of the statement of the SRC. The "NAIRI INSURANCE"  statement reads that the insurance company learned about the charges  against her from the media. "We have enough grounds to assert that  such behavior of the SRC is exclusively aimed at discrediting the  business reputation and authority of "NAIRI INSURANCE" ILLC In this  regard, we urge to refrain from publishing unreliable messages of the  State Revenue Committee of Armenia and distributing them through  social networks" -"NAIRI INSURANCE> statement noted.

The statement notes that "NAIRI INSURANCE" ILLC will take the  necessary steps, given by law, to protect their rights and legitimate  interests in order to rule out any attempt to discredit the business  reputation and authority of the company and to bring to justice the  perpetrators of such cases to the full extent of the law.  

To recall, on January 21, in the morning, the Armenian SRC  distributed a message stating that, 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.