VIDEO: Major Tax Evasion and Money Laundering Case Disclosed

The Investigation Committee of the Republic of Armenia's Economic Crimes and Smuggling Investigation Department has uncovered a significant criminal case involving tax evasion and money laundering. Through necessary investigative and procedural actions, as well as operational-intelligence measures, it has been established that the general director of the 'Sh...' company, S.Sh., along with the person effectively managing the company's operations, H.Sh., and chief accountant M.A., conspired together with a unified intent to evade taxes totaling 88,190,429 AMD.

They submitted distorted data in tax reports to avoid payment of taxes and subsequently engaged in money laundering to conceal the origin of assets obtained through illegal means.

Based on the evidence gathered during the pre-trial investigation, motions were submitted to the supervising prosecutor to initiate public criminal proceedings against S.Sh., H.Sh., and M.A. under Article 290, Part 3, Clause 2 and Article 296, Part 2, Clause 1 of the RA Criminal Code. These motions were granted, and the individuals have been apprehended.

On the same day, searches were conducted at the company's operational sites and the residences of the accused, leading to the discovery of an electronic database (server), computers, and documents related to the company's activities.

The investigation is ongoing. Note: A person accused of committing a crime is presumed innocent until their guilt is proven in accordance with the procedures established by the RA Criminal Procedure Code, through a court ruling that has entered into legal force.