Charges Filed Against Director of LLC for Committing Fraud of Particularly Large Amounts

The Investigative Department of Vayots Dzor Province has uncovered a case of fraud involving the director of an LLC who misused his official position to commit fraud of particularly large amounts. Charges have been brought against him.

According to the evidence obtained during the investigation, "Mavshin" LLC was declared the winner of a tender announced by the city hall for the renovation of the sports complex building in the Vayk community and the improvement of a community park. As a result, a grant of 120,000,000 AMD was allocated to the Vayots Dzor Regional Administration by the Government of Armenia for these works.

It has been established that between March 21 and September 21, 2016, with the intent of fraudulently misappropriating a particularly large sum of money from the state, the director of the LLC partially performed the construction work according to the volume-bill estimate and included unperformed works in the execution sheets, thereby unlawfully obtaining a total of 4,055,498.4 AMD from state funds, causing the state substantial property damage.

Based on sufficient evidence obtained, charges have been brought against the director of the LLC under the first part of the third paragraph of Article 178 of the Criminal Code of Armenia, and a measure of restraint has been chosen in the form of a signature not to leave.