Investigation into Major Fraud Committed by a Couple Concludes

The investigation into a criminal case initiated regarding major fraud committed by a couple has concluded in the Special Investigation Service of Armenia, particularly in the General Directorate of the Investigation of Especially Important Cases and the Investigation of Electoral Crimes.

During the investigation, it was revealed that the couple, acting as online representatives and users of various organizations and individual entrepreneurs, was able to submit applications and financial reports on behalf of these entities without their knowledge. They purportedly claimed to return funds from a consolidated account and applied for a one-time grant under the measures to mitigate the economic consequences of the coronavirus. They submitted applications to the Ministry of Finance of the Republic of Armenia and the State Revenue Committee, based on which they received funds that were supposed to be allocated to the aforementioned companies and individuals into their bank accounts.

As a result, the couple embezzled a total of 8,750,359 Armenian drams, which were intended for others. Public criminal prosecution has been initiated against S.B. and A.A. under the third part of Article 255 of the Criminal Code (major fraud). The criminal case has been sent to the supervising prosecutor with an accusatory conclusion.