General Subcontracting Company Director Pressed Charges with Abuses in "North-South" Project: Money Laundry Cases Detected

General Subcontracting Company Director Pressed Charges with Abuses in

EcoLur

The Investigation Committee of the Republic of Armenia continues the investigation of the criminal case initiated in connection to the development and implementation of the North-South Road Corridor Program.

Information has been obtained that the Director of the Spanish Contracting Company, who carried out the construction work on Tranche 1 and Tranche 2 of the North-South Road Corridor together with the Team Leader of the French Technical Supervision Company have allegedly embezzled 1.8 million USD equivalent to 871 million AMD during the construction of the Project.

On the basis of the evidence obtained, it was decided that the Director of the General Contracting Company was to be arrested as a precautionary measure. Taking into consideration that the latter is currently absent from Armenia, he has been announced as a wanted person. Earlier, the head of the team of the French company has also been accused.

A well-established scheme has been detected, through which the money obtained through criminal offenses has been legalized.

Charges were filed against two directors of subcontracting companies, and a decision was made to involve the perpetrator as an accused against whom a search warrant has been issued.

17:06 August 13, 2019


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