Chief Accountant of 'Jrar' Company Embezzled Approximately 255 Million Drams; Public Criminal Proceedings Initiated

The chief accountant of 'Jrar' Company has embezzled approximately 255 million drams. Public criminal proceedings have been initiated.

A.S., serving as the accountant of the 'Jrar' Closed Joint-Stock Company under the Ministry of Territorial Administration and Infrastructure from 2017 to 2022, allegedly embezzled the company’s financial resources. This was reported by the Prosecutor's Office.

On December 21, 2022, the Prosecutor's Office forwarded the results of an inspection conducted by the State Audit Office to the investigative division of the Kentron and Norq-Marash administrative districts to decide on initiating criminal proceedings.

Within the framework of the initiated criminal proceedings, information was obtained indicating that A.S., the chief accountant of 'Jrar' CJSC, embezzled amounts of 254 million 66 thousand 540 drams entrusted to him by the company.

Specifically, following an analysis of bank accounts, it was revealed that A.S. had the opportunity to unilaterally manage the bank accounts of 'Jrar' CJSC while exercising official duties.

To settle tax obligations to the state budget, from 2017 to 2022, he transferred funds from the company's accounts to his personal accounts, thereby embezzling 254 million 66 thousand 540 drams.

On January 26, 2022, the supervising prosecutor decided to initiate public criminal proceedings against A.S. under Article 256, Part 3, Point 3 of the RA Criminal Code (Embezzlement of entrusted property).

A precautionary measure of prohibition of absence and suspension from office has been chosen against A.S.