Decision Made to Arrest Two More Individuals in the Case of 'Security Dream' and 'Ellips GY'

The investigation into serious crimes involving the employees of 'Security Dream' and 'Ellips GY' continues actively at the RA Investigative Committee's Serious Crimes Investigation Division. The investigation aims to clarify all circumstances surrounding large-scale fraud and document forgery conducted by a group of individuals in collusion. Based on the decision of the conducting prosecutor, a decision has been made to arrest two more individuals.

Documents prepared based on a report received regarding apparent abuses committed by the management of 'Security Dream' LLC at the 4th division of the RA Police's Anti-Corruption and Economic Crime Control Department revealed that between 2011, 2013, and 2017, contracts were signed between the RA Police Traffic Safety Service and 'Security Dream' LLC for the acquisition and maintenance of traffic monitoring systems for state needs. Based on these contracts and the agreement, an ongoing traffic speed monitoring system was established, and the collected funds from the state were distributed in 30/70, 50/50, and 10/90 ratios. In addition, under a contract signed in 2017, in addition to the 10 percent allocation of collected funds, a 100 percent unconditional reimbursement for service costs was stipulated.

'Security Dream' LLC also entered into contracts between 2011 and 2018 with 'Ellips GY' LLC for the provision of services to the state, specifically for system maintenance. Considering that data indicating apparent abuses were obtained during the preparation of materials, and there is a legal basis for initiating a criminal case, a criminal case was initiated on June 20, 2018, under Article 178, Part 3, Subparagraph 1, and Article 325, Part 2 of the RA Criminal Code, and it was forwarded to the investigative department of the Yerevan city Investigative Committee for further investigation.

During the investigation, extensive investigative and other procedural actions were carried out, revealing that 'Ellips GY' LLC is also established and effectively managed by the co-founders of 'Security Dream' LLC. Evidence was obtained indicating that from February 2017 to June 2018, under the same service agreements signed between 'Security Dream' and 'Ellips GY' LLC, the management of these companies created false execution acts regarding services not actually rendered on a monthly basis, through which 'Security Dream' and 'Ellips GY' LLC fraudulently misappropriated approximately 1,015,869,600 AMD.

In order to establish significant circumstances related to the criminal case, a forensic accounting and financial-economic complex examination was appointed, concluding that the total damage caused to the state amounts to 210,346,512 AMD. As a result of substantial investigative and other procedural actions, as well as operational-search measures, data were obtained implicating one of the founders of 'Security Dream' and 'Ellips GY' LLC, as well as accountants from both companies in fraud and document forgery.

Based on the substantial evidence collected, charges have been filed against them under Article 178, Part 3, Subparagraph 1, and Article 325, Part 2 of the RA Criminal Code. A request was submitted to the court by the conducting authority for their detention as a preventive measure. Furthermore, the investigation collected data on the involvement of another one of the founders of 'Security Dream' and 'Ellips GY' LLC, as well as a former director of 'Security Dream' LLC in the above-mentioned apparent abuses. A decision was made to arrest them, and the execution has been entrusted to the RA police. The pre-investigation continues.