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 Thursday, September 19 2019 16:01
Alina Hovhannisyan

PAP refuses to comment on situation regarding charges against  head  of  "Multi Group Concern "

PAP refuses to comment on situation regarding charges against  head  of  "Multi Group Concern "

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.

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