Chief Accountant of 'Jrar' LLC Transferred Approximately 257 Million Dram to Personal Accounts, According to the State Oversight Service

The "Jrar" LLC, under the Water Committee, has been found to have committed violations totaling approximately 257 million Armenian drams. This information comes from the State Oversight Service.

According to the OSS, the chief accountant of the 100% state-owned closed joint-stock company operating under the Ministry of Territorial Administration and Infrastructures transferred a total of 254,066,540 Armenian drams from the company's bank accounts to personal bank accounts between 2017 and 2022, falsely documenting it as payments for tax liabilities to the state budget.

“After the actions were uncovered by the service, a total of 37.9 million Armenian drams were returned during this period,” the OSS report states.

Additionally, it was determined that the same individual illegally paid 3 million Armenian drams from the company's bank account on September 14, 2022, to a private company, of which he is the founder and owner, without actual service provision, in violation of the provisions established by the law on public procurement.

The information containing signs of criminal offenses has been sent to the Prosecutor General's Office of the Republic of Armenia for further proceedings.

A criminal case has been initiated in the Investigative Committee of Armenia under Article 256, Part 3 of the Criminal Code, concerning large-scale embezzlement of entrusted property.