ArmInfo. The Prosperous Armenia Party refuses to comment on the situation related to the charges brought by the Investigative Committee against Director of the "Multi Group Concern" Sedrak Arutsamyan, who is suspected of financial fraud during the construction of the North-South road corridor.
In a short telephone conversation with ArmInfo correspondent, PAP MP Mikayel Melkumyan. noted: <We do not comment on anything, these are just legal issues. So we will wait>.
It should be reminded that today the RA Investigative Committee charged Sedrak Arustamyan, Director of the "Multi Group Concern". The report stated in particular that 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. The total damage to the state as a result of abuse is estimated at more than 2 billion drams.
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.