From 2003 until December 2, 2019 the director of the “Sport Center of National Teams” CJSC (hereinafter referred to as “the Company”) established “Olympiakan apaga” LLC in the name of a related person and on February 5, 2007 registered the mentioned company in the name of the same person.

On May 23, 2007 the “Sport Center of National Teams” CJSC concluded a lease agreement with “Olympiakan apaga” LLC actually belonging to the Director of the same Company for the term of 25 years under which the ownership and management rights of the immovable property (school-center) located at 4 Tsitsernakaberd highway, with a surface of 6580.8 m² and 1.1807 ha, provided to “Sport Center of National Teams” CJSC in 2003 was transferred to the latter.

From May 23, 2007 until June 30 2019 the “Olympiakan apaga” LLC concluded agreements with different organizations and leased the immovable property (gyms) belonging to “Sport Center of National Teams” CJSC to different organizations receiving income in the amount of AMD 110 million 569 thousand 800 wherefrom only AMD 56 million 100 thousand was transferred to “Sport Center of National Teams” CJSC.

Besides that, the Director of the Company being the owner of “Eastern Oasis” LLC since November 24, 2000, carried out an entrepreneurial activity in one of the sections of the property located at 4 Tsitsernakaberd highway by providing café and hotel services.

The Director of the Company also wanted to fraudulently steal the immovable property located at 4 Tsitsernakaberd highway, including the land plots with the surface of 6580,8 m² and 1.1807 ha. For that purpose the latter enshrined in the lease contract concluded on May 23, 2007 that the lessee shall have the right to buy the property for AMD 56 million 142 thousand.

After that all 10 shares of “Olympiakan apaga” LLC, actually belonging to the Director of the Company were sold to the wife of the Director of the Company by a related party.

The crime was not completed due to the circumstances beyond their control— the bankruptcy administrator of “Olympiakan apaga” LLC and the new director of the CJSC submitted an application to the Cadaster Committee of the Republic of Armenia on making a state registration of termination of a right.

On February 7, 2024 the supervising prosecutor initiated a public criminal prosecution against the Director of the Company under point 2 of part 2 of article 277, point 3 of part 3 of article 44-255, part 1 of article 457 and point 3 of part 3 of article 44-255 of the Criminal Code.

 On February 15, 2024 the Prosecutor signed the indictment related to the Director of the Company and his wife and submitted it to the court with the materials of the case.

 Notice:  A person charged with any crime shall be presumed innocent until proved guilty in the manner prescribed by the RA Criminal Procedure Code—by the judgment came into legal force.