ArmInfo. A criminal case has been opened on the facts of abuse during the bankruptcy proceedings of "ArmGlass" CJSC.
According to the press service of the RA Prosecutor General's Office, the investigation revealed criminal schemes for the implementation of the bankruptcy procedure and the misappropriation of property of "ArmGlass" CJSC. In particular, by a decision of the Government dated February 7, 2001 80% of the state shares of the company worth 574 million drams were alienated to the citizen N.A. for 145 million drams, with the condition of investments in the amount of 250 million drams over three years and the creation of 700 jobs.
Meanwhile, N.A. did not fulfill his contractual obligations and, with the participation of the new director of the company, deliberately did not fulfill tax and other obligations, as a result of which on December 29, 2003 the company was declared bankrupt.
Further, through various criminal schemes, all the property of the company worth 571.1 million drams was estimated at only 121.3 million drams. For this amount, it was purchased at an auction by a company co- founded by N. A. A criminal case has been instituted; preliminary investigation continues.