Nor Zovk Company Recovers 2 Billion AMD from Tax Obligations Hidden from the State

The investigation into the case of tax evasion involving Nor Zovk LLC is ongoing at the Main Investigation Department of Economic Crimes and Smuggling of the RA Investigative Committee. This was reported by the Investigative Committee.

As previously informed, factual data had been received regarding the owner of 100 percent of Nor Zovk LLC, A.A., who, in preliminary collaboration with the responsible persons of Nor Zovk LLC, namely the director R.A. and chief accountant S.S., set up a hidden electronic server system combined with a commercial software program with the assistance of the owner of a company operating in the software field. This setup was implemented within the network of shops belonging to Nor Zovk LLC.

Using this method from 2019 to 2023, the reported sales turnover of Nor Zovk LLC was deliberately understated in the tax declarations submitted to the tax authorities. As a result, a total of 4,127,611,164 AMD in taxes were not calculated or paid to the state budget.

During the investigation, charges were brought against A.A., R.A., and S.S. based on part 3, points 1 and 2 of Article 290 of the RA Criminal Code for committing criminal acts. Furthermore, V.S., the owner of the aforementioned software company, was also charged under the same articles.

Throughout the criminal investigation, A.A., R.A., and S.S. admitted to intentionally failing to pay particularly large amounts of taxes, and as a result of revised declarations submitted to the tax authorities, a payment of 2 billion AMD was made to the state budget.

Taking into account that under such circumstances, the defendants' lawful behavior in the criminal proceedings might be ensured with a less severe preventive measure, the previously applied detention of these three individuals has been changed to prohibiting their absences.

Notification: A person accused of a crime is considered innocent until proven guilty by a legally enforceable judgment of a court in accordance with the procedures established by the Criminal Procedure Code of the RA.

It was previously reported that the owner, director, and chief accountant of Nor Zovk were released.