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Armenia's Special Investigation Service decides to arrest property of ex-president Serzh Sargsyan

19.12.2019, 11:23
Armenia's Special Investigation Service (SIS) has decided to arrest the property of ex-president Serzh Sargsyan who is involved in a criminal case on charges of corruption, the SIS press secretary Marina Ohanjanyan, told Novosti-Armenia news agency.

Armenia's Special Investigation Service decides to arrest property of ex-president Serzh Sargsyan
YEREVAN, December 19. /ARKA/. Armenia's Special Investigation Service (SIS) has decided to arrest the property of ex-president Serzh Sargsyan who is involved in a criminal case on charges of corruption, the SIS press secretary Marina Ohanjanyan, told Novosti-Armenia news agency.  She said the value of the arrested property is as much as the size of the damage caused.

In early December 2019 Armenian law-enforcement authorities brought corruption charges against Serzh Sargsyan. According to a SIS statement, Serzh Sargsyan, who served as president from April 9, 2008 to April 9, 2018, used his official position to organize with a group of officials the embezzlement of 489,160,310 drams (an equivalent of more than $1 million) in a period of time from January 25, 2013 to February 7, 2013.

According to SIS, acting on Serzh Sargsyan's order, a group of officials organized conclusion of a contract with Flash oil trader for supply of subsidized diesel fuel to rural communities, although another company, called Maxhur, which also participated in a government-announced tender for supply of 17 million liters of diesel fuel, offered a lower price. Sargsyan.

Sargsyan was asked by the law-enforcement authorities to sign a written pledge not to leave the country pending the end of the investigation.-0-