Recovery of 210 Million Drams from Damage Caused by Employees of 'Security Dream' and 'Ellips GJ'

The Investigative Committee of Armenia continues to conduct active investigative actions in the serious crimes division related to the fraudulent activities committed by employees of 'Security Dream' and 'Ellips GJ', as well as the forgery of documents by a group of individuals by prior agreement.

As reported earlier, during 2017, the employees of these companies created fraudulent enforcement acts regarding services that were not actually provided on a monthly basis, based on which misleading reports were formed, leading to the embezzlement of approximately 1,015,869,600 Armenian drams by the management of 'Security Dream' and 'Ellips GJ' through the financial department of the police's traffic division.

It is noteworthy that as of today, 210 million drams of the embezzled funds have been recovered. Five individuals have the procedural status of defendants in the criminal case. One of them, who is a co-founder of the companies, has been detained as a preventive measure, while two accountants of the companies have been allowed alternative bail measures by the court.

Another one of the founders of 'Security Dream' and the former director of the company have been charged under part 1 of Article 178 and part 2 of Article 325 of the Criminal Code of Armenia, and they have been declared wanted. The pre-investigation continues.