ArmInfo. The preliminary investigation body does not have any information about the whereabouts of the brother of third President of Armenia Serzh Sargsyan, Levon Sargsyan. ArmInfo was informed about this by head of the Information and Public Relations Department of the Investigative Committee of Armenia Naira Harutyunyan.
It should be noted that today it became known that the court chose the arrest as a measure of restraint against Levon Sargsyan, within the criminal case on the facts of abuse committed during the construction of the North-South road.
Earlier, the Investigative Committee of Armenia reported that Sargsyan was prosecuted as part of a criminal investigation instituted on the facts of obvious abuses during the development and implementation of the North-South highway construction project. Sargsyan was put on the wanted list. To recall, the loan agreement under the Tranche-2 for the construction of the North-South transport corridor was signed on May 30, 2011. The general contractor was the unknown Spanish Corsan Corviam Construccion S.A. The contracted cost of construction work was $ 179.6 million, the Asian Development Bank ($ 170 million) acted as a creditor. Today, construction work is suspended. The company actually went bankrupt. According to independent observers, it was the president's brother who could be the main figure that "protects" this company. According to experts, we could talk about "kickbacks" in the amount of 30-40% of the contract amount. At the time when the contract was signed with the Spanish company, Levon Sargsyan held the post of Ambassador on special assignments.