As a result of the assessment carried out with obvious violations, state property was alienated at a price below the market value -146.3 million AMD

April 14, 2020

In the Department of State Interests Protection of the RA Prosecutor General's Office were examined the documents received from the RA Committee of State Property Management regarding the privatization of another state property, and as a result, corruption-related criminal manifestations were revealed.

 

In particular, it was found out that by the conclusion drawn up by the commercial company on 01.12.2016 was estimated the value of the public building presented by the RA Committee of State Property Management with an area of 1455.5 sq.m. located at the address: D. Anahaght str. N 23/6, Kanaker-Zeytun, Yerevan and a land plot with an area of 3922.64 sq.m. and the it was amounted to 119.7 million AMD.

 

The mentioned process for the provision of services between the RA Committee of State Property Management and LLC, in violation of the requirements of the RA Law  “On Real Estate Appraisal Activity”, was carried out without a legal basis - without an agreement for the provision of services.

 

As a result of the assessment, by the decision of the RA Government dated 29.12.2016 the RA Committee of State Property Management was given permission to alienate the property by a tender.

 

According to the results of the competition held on March 20, 2017 and the drawn up state property alienation agreement, the public building and the land plot were alienated for 88.7 million AMD.

 

However, on 14.02.2020 by the analysis presented by “Agency of State Property Inventory and Assessment“ SNCO it was found out that as of December 2016 the possible market value of the property could be 235 million AMD, or 2 times higher from the initial value.

 

Thus, as a result of the illegal actions of the responsible officials of the department, the public building and the land plot were alienated at a price below the market value -146.3 million AMD, which entailed grave consequences for the state.

 

At the same time, it was found out that for the provision of services for registration, inventory of state property, studies, assessments from the state budget, a grant was allocated for ''Agency of State Property Inventory and Assessment'' SNCO. In such circumstances, the assessment of real estate by the LLC was initially unlawful.

 

Taking into account the fact that by the studies were revealed data containing signs of an alleged crime of abuse of powers by the responsible officials of the RA Committee of State Property Management, a criminal case was initiated in  the Department of State Interests Protection of the RA Prosecutor General's Office under Part 2 of Art. 308 of the RA Criminal Code.

 

The criminal case was sent to the RA Investigative Committee with the instruction to conduct the preliminary investigation.

 

Notice: Every person suspected in or charged with a criminal offense shall be presumed innocent unless proved guilty in the manner prescribed by the RA Criminal Procedure Code and unless the verdict comes into legal force.