Property belonging to the third President of the Republic of Armenia, Serzh Sargsyan, and to the president of the “Flash” company, Barsegh Beglaryan, has been seized. The Special Investigative Service reported this news, stating that property of the accused in a criminal case opened on charges of embezzlement of particularly large amounts from the state has been seized to the extent of the damage caused by the alleged crime.
Let us recall that the Special Investigative Service of the Republic of Armenia had announced that, on the basis of the combination of sufficient evidence gathered during the preliminary investigation of the criminal case under investigation, charges were brought against former President of the Republic of Armenia Serzh Sargsyan for committing a publicly dangerous act, in that, while holding the office of President of the Republic of Armenia from 9 April 2008 to 9 April 2018, using his official position, he organised, during the period from 25 January 2013 to 7 February of the same year, the commission by a group of officials of the theft of a particularly large amount of money — 489,160,310 Armenian drams — from the state by means of embezzlement.
“Serzh Sargsyan, being aware of the existence of a fuel supplier at a cheaper price within the framework of the programme, realised that, in the presence of prices advantageous for the state offered by other suppliers, as a result of concluding a fuel supply financing contract with the ‘Flash’ LLC company, which offered a higher price compared to them, particularly large amounts of money would be unjustifiably withdrawn from the state. Ignoring this circumstance, guided by personal interest in ensuring maximum profit for the ‘Flash’ LLC company from the transaction, using his official position, through a group of officials under his subordination, he organised the commission of the theft of a particularly large amount of money entrusted to the Government of the Republic of Armenia, held in the reserve fund, by means of embezzlement, in particular, instructing officials in actual service subordination to him to select the ‘Flash’ LLC company as the supplier, regardless of the cheaper price offers received, and to conclude the supply contract with that company,” the statement said.
Thus, during the implementation of the aforementioned programme, through the organisation of former President of the Republic of Armenia Serzh Sargsyan, a total of 489,160,310 Armenian drams was stolen from the state by a group of officials by means of embezzlement.
