As a result of the examination of criminal proceedings under investigation by the Investigative Committee, it was revealed that the owner of 50% and 100% shares in two companies engaged in the construction and sale of multi-apartment buildings, in prior agreement with the director of those companies, deliberately concealed the actual income of the aforementioned companies during the period of 2020–2024, with the intent to evade the payment of taxes in especially large amounts and thereby obtain profit. In particular, in the contracts granting the right to acquire real estate in the multi-apartment buildings under construction at 51/2 Paruyr Sevak Street and 16/5 Vratsakan Street in Yerevan, they included false information—indicating a lower price in the contracts instead of the actual market value of the real estate.

Taking into account that there were sufficient facts in the criminal proceedings proving the commission of a crime, on April 11, 2025, the prosecutor, on his own initiative, initiated public criminal prosecution against the above-mentioned persons under points 1 and 2 of part 3 of Article 290 of the Criminal Code (evasion of paying especially large amounts of taxes by a group of persons with prior agreement).

After the decisions to initiate public criminal prosecution were held, charges were brought against the mentioned persons. As a result, the owner of the companies admitted to the act of evading taxes in especially large amounts and reimbursed the damage caused to the state— AMD 650 million, equivalent to USD 1,662,000.

The preliminary investigation is ongoing.

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.