More than 1 billion in unpaid taxes: Alex Textile director, employees and IT company owner charged with tax evasion

YEREVAN, April 3. /ARKA/. The director of Alex Textile LLC has been charged with tax evasion to the tune of more than 1.1 billion drams, Armenia’s Investigative Committee reported today.

It said charges have also been brought against the employees and the owner of an IT company who assisted Alex Textile to avoid taxes.

According to the press service of the Investigative Committee, during the preliminary investigation into the criminal case initiated against Nor Zovk chain of supermarkets, it obtained evidence that in order to hide income and control the real turnover of goods the director of Alex Textile involved the owner of the ACTRADE-SOFT company who for a fee substituted the real data in the software. The Nor Zovk chain also used this same scheme to avoid taxes.

‘Thus, the director of Alex Textile by prior collusion with the chief accountant of the company and with the assistance of the head of the workshop, as well as the founder of the software company, concealed part of the turnover from September 2019 to February 2023,’ the Investigative Committee said.

A criminal case was initiated for failure to pay taxes on an especially large scale by Alex Textile LLC. Searches were conducted in the company, as well as at the places of residence of the director of the company, the head of the workshop and the founder of the IT company.

The Investigative Committee said the responsible persons of Alex Textile pleaded guilty to the charges and in order to recover the caused damage transferred over 1.1 billion drams of unpaid taxes to the budget. ($1 388.48 ). -0-