Armenia`s Investigative Committee investigating major embezzlement  cases 

ArmInfo.  The Investigative Committee of Armenia is investigating criminal cases initiated on the facts of theft by fraud on an especially large scale, money laundering on an especially large scale, as well as tax evasion on an  especially large scale.

As reported by the press service of the Investigative Committee, the  facts of providing false information by persons who actually managed  the activities of a number of companies are being investigated.

During the preliminary investigation of the criminal case, decisions  were made to initiate public criminal prosecution against 11 persons,  of whom 5 were subject to arrest as a preventive measure. Another  person was given a written undertaking not to leave, 1 was ordered to  be arrested for delivery to court, and 4 persons were declared  wanted.

The investigative group formed within the framework of the criminal  proceedings is conducting simultaneous searches at a total of 51  addresses of interest to the investigation.