Police Reveal Details About Ruben Hayrapetyan After Purchase of Porche Cayenne for 25 Million 75 Thousand Drams

The Directorate for the Fight Against Corruption and Economic Crimes of the Criminal Police Department has obtained information based on operational-intelligence measures indicating that the former president of the Football Federation of Armenia (FFA) abused his administrative and other powers to organize the process of registering over 26,000 square meters of land in Yerevan in the names of himself and his close associates through relevant officials of the municipality.

According to available information to the investigation, in November 2014, the federation president voluntarily renounced the above-mentioned land parcel worth around 800 million drams on behalf of the FFA union. Subsequently, the mayor of Yerevan and responsible officials from the municipality, in violation of several provisions of the law on local self-governance, as well as the Land Code and the law on public tenders, misused their administrative powers and organized what were, in effect, formal auctions of the land parcel in January 2015. As a result, the parcel valued at 800 million drams was purchased for just 169 million 219 thousand drams by individuals closely linked to the federation president and under his influence.

Following this, several formal donation contracts were signed, resulting in part of the land parcel being registered in the names of family members of the federation president, while the remainder was registered in the names of other individuals connected to him.

Additionally, with the preliminary intent to commit theft, the FFA president sold a 2006 model 'Porche Cayenne Turbo' vehicle listed in the balance sheet of his mineral water factory for 2 million drams in 2017 to a person affiliated with him. Merely two months later, in February 2018, upon the written order of the federation president, an employee of the federation signed a purchase agreement for the vehicle, resulting in the federation purchasing the car, worth at the time 6 million 500 thousand drams, for a significantly inflated sum of 25 million 75 thousand drams. This transaction resulted in an embezzlement of an especially large amount of 18 million 575 thousand drams.

A criminal case has been initiated at the Criminal Police Department, which has been forwarded to the Special Investigation Service.