Investigave Committee reveals huge damage to condominium 

ArmInfo.  During the preliminary investigation of the criminal case initiated by the RA Investigative Committee, factual data was obtained that the manager of one of the condominiums operating in the Tavush region donated a semi-basement of 349.4 square meters to his relative, concluding an official  contract with him. This is stated in the message of the RA  Investigative Committee.

The source notes that after this, the condominium manager divided the  semi-basement of 349.4 square meters into two parts in order to  legalize the acquired property obtained by criminal means, conceal  the actual ownership of the property and distort the source of the  criminal origin. Then, on the instructions of the manager, a plot of  247.2 square meters was sold to a resident of the Tavush region for 2  million drams, and another plot of 102.2 square meters was sold to a  resident of the Tavush region for 2 million drams.  was sold for 1  million 500 thousand drams under an official sale and purchase  agreement and alienated to his wife. The latter's wife resold the  said territory for 5.5 million drams to another person, who, in turn,  alienated the property for the same amount to the daughter of the  condominium manager.

As a result of the above actions, the real right of ownership of real  estate with a total area of 349.4 square meters and a cadastral value  of 15 million 581 thousand 693 drams was concealed, its criminal  origin was distorted, as a result of which the condominium was  deprived of the right to dispose of the provided property.

In addition, as a result of numerous evidentiary and other procedural  actions carried out during the preliminary investigation, it was  established that a resident of the Tavush region, being an employee  of the condominium, without the appropriate registration, was  collecting money paid by the population to the condominium, and with  the knowledge of the manager, he collected about 6 million drams,  which were appropriated by the manager.

A criminal case was initiated against S.A. under Part 2 of Article  214 of the Criminal Code (abuse of office by employees of commercial  or other organizations) and Part 1 of Article 190 of the Criminal  Code (legalization (laundering) of funds on an especially large  scale). A preventive measure in the form of bail and a written  undertaking not to leave was chosen for the latter.

The criminal case was sent to the supervising prosecutor with an  indictment.