Spouses Faked Applications and Embezzled Over 8.7 Million Drams: Preliminary Investigation
Completed The Investigative Committee (IC) of the Republic of Armenia has completed the preliminary investigation into the case of fraud committed by a married couple on a particularly large scale. The IC reports that the spouses used online powers of attorney issued in the names of a number of organizations and individual entrepreneurs without the knowledge of the actual economic entities. They submitted applications on behalf of various companies to the Ministry of Finance and the State Revenue Committee (SRC), allegedly for the refund of amounts from the unified account and for receiving lump-sum support intended to overcome the economic consequences of the coronavirus. Based on these applications, the spouses received and embezzled the funds that were supposed to be provided to the actual beneficiaries. According to the IC, the amount of the embezzled funds totaled 8,750,359 Drams.
S. B. and A. A. have been charged under Article 255, Part 3, Point 3 of the Criminal Code for fraud committed on a particularly large scale. The case, with the indictment, has been sent to the Prosecutor’s Office.