VIDEO: Manvel Grigoryan's Wife Embezzles State Property of Hayapaki Company - New Details

Law enforcement agencies have uncovered illegal schemes related to the alienation of property of the Hayapaki Company and fraudulent embezzlement. A criminal case has been initiated based on the revealed facts, the prosecutor's office reports.

According to the published statement, the charter capital of Hayapaki LLC, located in the village of Buryanavan in the Kotayk region, was assessed at 717 million AMD based on a government decision from 2001.

Under the same decision, 80 percent of the company's shares (valued at 574 million AMD) were sold to N. A. for only 145 million AMD, with the mandatory condition of making investments worth 250 million AMD over three years and providing 700 jobs.

According to our information, this individual is the wife of former MP and former president of the Union of the Armenian Volunteers, Manvel Grigoryan, Nazik Amiryan.

However, the new owner not only transformed Hayapaki LLC into Hayburyerakap LLC but also, through her appointed director, intentionally failed to fulfill obligations, did not pay taxes, which resulted in the company being declared bankrupt by a court decision in 2003.

During the bankruptcy process, the bankruptcy manager valued the entire property of the factory at only 121.3 million AMD and compiled a clearly falsified valuation report.

During this time, the owner N. A. established a new company with her close business associate A. K., which participated in a formal auction organized by the liquidation manager in 2004 and was the sole participant in the auction.

As a result, Hayburyerakap LLC acquired the newly established company at 121.3 million AMD.

Through her orchestrated schemes, with the assistance of the liquidation manager, N. A. fraudulently embezzled state property of Hayapaki LLC worth 571,166,000 AMD, effectively disregarding the rights of the shareholders who owned 20 percent of the factory's shares.

A criminal case has been initiated due to the apparent crimes of preparing and using forged documents, which the prosecutor's office has sent to the Investigative Committee for further investigation.