Theft of 120 Million 926 Thousand Drams from State Funds Using Fake Documents: Investigative Committee Provides Details

The Special Investigative Service of the RA Investigative Committee has revealed during the pre-trial investigation of a criminal case that a resident of Kotayk province, identified as A.H., attempted to embezzle massively from state funds allocated under the subsidy program for the development of intensive orchards, amounting to 120 million 926 thousand AMD.

The resident of Kotayk province submitted documents containing false information for the establishment of orchards, presenting actual expenses at inflated prices or including agricultural services that had not been carried out at all among the claimed expenses. In doing so, they sought to obtain compensatory funds for expenses that were not actually incurred.

Criminal prosecution has been initiated against A.H. under Article 255, Part 3, Point 3 of the Criminal Code (attempted fraud in particularly large amounts) and Article 457, Part 1 (forging or altering documents, stamps, seals, forms, or using forged documents, stamps, seals, forms). A house arrest measure has been applied against the individual.