Arminfo.info



 Thursday, September 19 2019 15:05
Alina Hovhannisyan

Charges were pressed against Director of " Multi Group Concern ": He  is accused of financial fraud

Charges were pressed against Director of " Multi Group Concern ": He  is accused of financial fraud

ArmInfo. Preliminary investigation of the criminal case initiated on apparent abuses  committed within implementation of <North-South Road> program is  ongoing in General Department of Investigation of Particularly  Important Cases of the RA Investigative Committee.  This is reported  by the Investigative Committee of the Republic of Armenia. 

In the result of investigatory and other procedural actions of great  volume conducted within preliminary investigation by the employees of  the RA Investigative Committee cooperating with the RA Prosecutor  General's Office data were obtained on conducting false  entrepreneurial activity and evading from taxes in particularly large  amount in the result of agreement reached by the representatives of  Armenian branch of contractor <Sinohydro Corporation> LLC  implementing construction work on Talin-Lanjik and Lanjik-Gyumri  sections within the program <Reconstruction and Improvement of Road  M1 from Talin to Gyumri> within implementation of <North-South Road>  program and leaders of <Stones> LLC involved as subcontractor in the  same work. 

Particularly, it was found out that Director of <Multi Group Concern>  Sedrak Arustamyan actually managing the activity of <Stones> LLC,  from June 10 to August 8, 2016 being 100% shareholder of <Stones>  LLC, together with Suren Avagyan and Gurgen Sargsyan who coordinated  the work of the company with him, being induced by the  representatives of Armenian branch of contractor <Sinohydro  Corporation> LLC implementing construction work on Talin-Lanjik and  Lanjik-Gyumri sections within the program <Reconstruction and  Improvement of Road M1 from Talin to Gyumri> of <North-South Road>  program reached agreement on withdrawing funds from the company  through tax accounts without providing the Armenian branch of  <Sinohydro Corporation> LLC with services and thus supporting the  company to evade from taxes in particularly large amount. In order to  realize this, on June 8, 2016 together with Suren Avagyan and Gurgen  Sargsyan, who coordinated the work of the company with him, he  organized signing of 2 contracts on providing consulting services  between <Stones> LLC and <Sinohydro Corporation> LLC on the part of  construction work in Talin-Lanjik and Lanjik-Gyumri sections. 

Under the pretext of implementing a part of the duties envisaged by  the mentioned contracts, pursuant to the agreement reached by Sedrak  Arustamyan, Suren Avagyan and Gurgen Sargsyan, organized by Gurgen  Sargsyan and chief accountant of the company, without intend to  conduct entrepreneurial activity on October 10 and November 11, 2016  <M S Consulting> and <Gevorgyan Consulting> LLC-s were founded,  accordingly and at the same period <Stones> LLC signed contracts on  allegedly providing consulting services with them. 

<M S Consulting> and <Gevorgyan Consulting> LLC-s, acting by the  instruction of leaders of <Stones> LLC, not implementing work within  the mentioned contracts but actually working in <Stones> LLC and  implementing work as company's employees, from December 20, 2017 to  November 3, 2018 together with the chief accountant withdrew 44 false  tax accounts of 177.000.000 AMD for services allegedly provided to  <Stones> LLC. Receiving money based on them, by the instruction of  the company's leaders, they kept the money of taxes to be paid as  well as 20 million AMD as a salary and transferred the rest of the  money to Sedrak Arustamyan. 

The above-mentioned tax accounts withdrawn by <M S Consulting> and  <Gevorgyan Consulting> LLC- s to <Stones> LLC were a base to withdraw  tax accounts on allegedly providing consulting services to Armenian  branch of <Sinohydro Corporation> LLC by <Stones> LLC based on which  company's chief accountant, acting by the instruction of company's  leaders, from December 27, 2016 to July 18, 2018 made  delivery-acceptance acts in the name of directors of <Stones> LLC as  well as based on them, within the mentioned contracts made false tax  accounts on allegedly provided services and submitted to <Sinohydro  Corporation> LLC for confirmation which were accepted by the  company's director and accountant by the instruction of  representatives of Armenian branch of <Sinohydro Corporation> LLC.   Based on them 1.167.409.328,31 AMD was groundlessly transferred to  "Stones" LLC from funds of <Sinohydro Corporation> LLC and in order  to evade taxes they  involved those data in non-resident income tax  report on company's activity of 2016-2017 and VAT calculations to be  submitted to State Revenue Committee adjunct to RA Government, as  prescribed by law. As a result, Armenian branch of <Sinohydro  Corporation> LLC evaded from paying taxes in particularly large  amount - 240.321.559 AMD causing the state damage in particularly  large amount which makes 2.733.171.489 AMD, in total, together with  penalties calculated for withdrawing false documents on providing  services.  

On the base of sufficient evidence obtained during preliminary  investigation charges were pressed against Sedrak Arustamyan who  actually managed the activity of <Stones> LLC, Suren Avagyan, Gurgen  Sargsyan, chief accountant of <Stones> LLC, directors of <M S  Consulting> and <Gevorgyan Consulting> LLC-s according to the Part 3  of the Article 38-189 and the Part 2 of the Article 38-205 of RA  Criminal Code. 

Motions were submitted to court to use detention as a pretrial  measure against Sedrak Arustamyan who actually managed the activity  of <Stones> LLC, Suren Avagyan, Gurgen Sargsyan. 

Preliminary investigation is ongoing. Investigatory and other  procedural actions are conducted to find out all circumstances of  abuses committed during implementation of the Program, to find the  whole frame of those related to them and to give appropriate  criminal-legal assessment. 

As of today, there are 15 defendants within the criminal case.

It should be noted that the "Multi Group Concern" belongs to Gagik  Tsartskyan, a well-known Armenian entrepreneur, leader of the  Prosperous Armenia party and the faction of the National Assembly of  the same name. 

POST A COMMENT
Input digits     

News
Official voting results of Russian citizens in Armenia have been  announcedOfficial voting results of Russian citizens in Armenia have been  announced
With With "demarcation" going at this rate it will reach Yerevan:  Pashinyan points out to Tavush residents the need to quickly transfer  4 villages to Azerbaijan
Pashinyan meets with Tavush residents as promised earlier: Details of  meeting have not yet been providedPashinyan meets with Tavush residents as promised earlier: Details of  meeting have not yet been provided
Stoltenberg: Azerbaijani-Turkish armed forces close cooperation  strengthens Azerbaijan-NATO relationsStoltenberg: Azerbaijani-Turkish armed forces close cooperation  strengthens Azerbaijan-NATO relations
Armenia and Azerbaijan now have opportunity to achieve enduring peace  after years of conflict - NATO Sec GenArmenia and Azerbaijan now have opportunity to achieve enduring peace  after years of conflict - NATO Sec Gen
Armenian government`s intention to waive the claims filed against  Azerbaijan in international courts to cause irreparable damage to  Armenian people - human rights activists Armenian government`s intention to waive the claims filed against  Azerbaijan in international courts to cause irreparable damage to  Armenian people - human rights activists 
Ardshinbank cardholders can now enjoy a 10% cashback!Ardshinbank cardholders can now enjoy a 10% cashback!
Higher school buildings to be managed by international company -  premierHigher school buildings to be managed by international company -  premier
Armenian CEC rep observe U.S. primaries Armenian CEC rep observe U.S. primaries 
Contemporary Indian writer Arjun Krishna Lal`s book released in  Armenian Contemporary Indian writer Arjun Krishna Lal`s book released in  Armenian 
U.S reaffirms commitment to durable and dignified peace between  Azerbaijan and Armenia - Joe Biden U.S reaffirms commitment to durable and dignified peace between  Azerbaijan and Armenia - Joe Biden 
Deepening Armenian-Indian relations among Armenia`s foreign policy  priorities Deepening Armenian-Indian relations among Armenia`s foreign policy  priorities 
Moscow Moscow "testing" its relations with Yerevan
Armenia`s possible withdrawal from CSTO should take country`s real  needs into account - Russian foreign office rep Armenia`s possible withdrawal from CSTO should take country`s real  needs into account - Russian foreign office rep 
Region closer to peace than ever before - president of Azerbaijan Region closer to peace than ever before - president of Azerbaijan 
Three Sad Stories about FraudstersThree Sad Stories about Fraudsters
Armenia`s Deputy FM admits setback in Armenia-EU visa requirement  simplification Armenia`s Deputy FM admits setback in Armenia-EU visa requirement  simplification 
Opposition is denied access to draft peace treaty with Azerbaijan -  MPOpposition is denied access to draft peace treaty with Azerbaijan -  MP
Stoltenberg: NATO sought to support stronger partnerships with both  Armenia, Azerbaijan in 2023Stoltenberg: NATO sought to support stronger partnerships with both  Armenia, Azerbaijan in 2023
Peter Stano: Armenia may apply to join EUPeter Stano: Armenia may apply to join EU
Azerbaijanis destroy13th-century Armenian khachkar in village of  Tsar, Shaumyan region of occupied ArtsakhAzerbaijanis destroy13th-century Armenian khachkar in village of  Tsar, Shaumyan region of occupied Artsakh
Zatulin: Strengthening Armenian-EU relations to require  revision of  Armenia`s membership in EAEUZatulin: Strengthening Armenian-EU relations to require  revision of  Armenia`s membership in EAEU
Basic principles of settling Armenian-Azerbaijani relations remain  unchanged - MFABasic principles of settling Armenian-Azerbaijani relations remain  unchanged - MFA
Oppositionist: Armenian government has failed its program, including  through CSTOOppositionist: Armenian government has failed its program, including  through CSTO
Foreign Minister: We are not negotiating surrender of villages in  Tavush region to AzerbaijanForeign Minister: We are not negotiating surrender of villages in  Tavush region to Azerbaijan
Foreign office: Today, mutual understanding between Yerevan and Baku  regarding mutual recognition of territorial integrity is higher than  month agoForeign office: Today, mutual understanding between Yerevan and Baku  regarding mutual recognition of territorial integrity is higher than  month ago
Statue honoring Soghomon Tehlirian unveiled in MarseilleStatue honoring Soghomon Tehlirian unveiled in Marseille
Armenian Revolutionary Federation holds protest in front of Armenian  Consulate in Los AngelesArmenian Revolutionary Federation holds protest in front of Armenian  Consulate in Los Angeles
Azerbaijan-Iran conflict predestined - Stepan Danielyan Azerbaijan-Iran conflict predestined - Stepan Danielyan 
Turkmenistan and Austria aim to expand the boundaries of bilateral cooperationTurkmenistan and Austria aim to expand the boundaries of bilateral cooperation
Senior Russian diplomat discusses Ukraine, South Caucasus at talks in  AnkaraSenior Russian diplomat discusses Ukraine, South Caucasus at talks in  Ankara
Armenian, Artsakh political forces issue joint statement  Armenian, Artsakh political forces issue joint statement
Our main goal is to return to Artsakh soil - Andrei SergeenkoOur main goal is to return to Artsakh soil - Andrei Sergeenko
AAA disappointed with financial aid to Armenia next year AAA disappointed with financial aid to Armenia next year 
Armenia committed to work actively on implementation of provisions of  EU resolution - Armenia NA speaker Armenia committed to work actively on implementation of provisions of  EU resolution - Armenia NA speaker 
European Parliament approves resolution on closer ties between the EU and ArmeniaEuropean Parliament approves resolution on closer ties between the EU and Armenia
Armenia intends to bring its domestic legislation to conformity with  ICC requirementsArmenia intends to bring its domestic legislation to conformity with  ICC requirements
Artsakh information Center calls on mass media to refrain from unfounded accusations against Artsakh authoritiesArtsakh information Center calls on mass media to refrain from unfounded accusations against Artsakh authorities
4 villages in Tavush are not included in Armenia`s administrative  borders  - minister4 villages in Tavush are not included in Armenia`s administrative  borders  - minister
Defense Minister: Defense Minister: "Nobody gave the order not to open fire"
Ararat Mirzoyan, Louis Bono discuss current security situation in  South Caucasus Ararat Mirzoyan, Louis Bono discuss current security situation in  South Caucasus 
Kremlin: Moscow to clarify with Armenian side situation around  Yerevan`s withdrawal from CSTO Kremlin: Moscow to clarify with Armenian side situation around  Yerevan`s withdrawal from CSTO 
Armenia hosting Francophonie Days Armenia hosting Francophonie Days 
Armenia`s authorities realizing Aliyev`s agenda by starting border  delimitation from Tavush - Mane Tandilyan Armenia`s authorities realizing Aliyev`s agenda by starting border  delimitation from Tavush - Mane Tandilyan 
South Caucasus stability one of Turkiye`s prioritiesSouth Caucasus stability one of Turkiye`s priorities
Tragic events in Nagorno Karabakh made France develop security  cooperation with Armenia - ambassador Tragic events in Nagorno Karabakh made France develop security  cooperation with Armenia - ambassador 
EU applies anti-Russian EU applies anti-Russian "geopolitical optic" everywhere - Russian  official 
Deployment of the EU Civilian Mission in Armenia aimed at  establishing lasting peace and ensuring stability in region - Paruyr  HovhannisyanDeployment of the EU Civilian Mission in Armenia aimed at  establishing lasting peace and ensuring stability in region - Paruyr  Hovhannisyan
Crossroads of Peace project divorced from reality Crossroads of Peace project divorced from reality 
PM: Armenian border guards wto perform their duties at Zvartnots  airport from August 1PM: Armenian border guards wto perform their duties at Zvartnots  airport from August 1
Pashinyan on Arshak Karapetyan`s dismissal reason and his special  relations with MoscowPashinyan on Arshak Karapetyan`s dismissal reason and his special  relations with Moscow
Premier: Yerevan sees and feels Turkiye`s presence in  Armenia-Azerbaijan normalization process Premier: Yerevan sees and feels Turkiye`s presence in  Armenia-Azerbaijan normalization process 
At meeting with French Ambassador, head of Armenia faction, notes  importance of sanctioning Azerbaijan for atrocities in Artsakh At meeting with French Ambassador, head of Armenia faction, notes  importance of sanctioning Azerbaijan for atrocities in Artsakh 
Pashinyan: External forces also provoked main force organizing ethnic  cleansing in KarabakhPashinyan: External forces also provoked main force organizing ethnic  cleansing in Karabakh
Our political force will follow path of institutional solutions -  ex-mayor of Yerevan Our political force will follow path of institutional solutions -  ex-mayor of Yerevan 
Yerevan is ready to expand its agenda with BrusselsYerevan is ready to expand its agenda with Brussels
Soviet Encyclopedia `to help` Pashinyan; Armenia`s territory is less  than 29,800 sq. km.Soviet Encyclopedia `to help` Pashinyan; Armenia`s territory is less  than 29,800 sq. km.
Yerevan is working to return prisoners from Baku, although at times  it looks like `Sisyphean task` - PashinyanYerevan is working to return prisoners from Baku, although at times  it looks like `Sisyphean task` - Pashinyan
If Armenia`s borders are If Armenia`s borders are "red line" for CSTO, let them demonstrate it  - Pashinyan
Pashinyan specifies timeframe of Armenia`s new Constitution  referendum Pashinyan specifies timeframe of Armenia`s new Constitution  referendum 
Read more



Commented