TWELVE OFFICIALS ARRESTED

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[06:41 pm] 14 September, 2006

Twelve people were arrested in connection with criminal case against
registration of real estate right via using false receipts. There
are high-rank officials among them who pocketed 1, 5 milliard AMD
from ordinary citizens.

Eight more citizens are under search, among them representatives of
state establishments. Sona Truzyan, press secretary of RA General
Prosecutor’s Office, affirmed this information. She said preliminary
investigation revealed 200 cases. As a result of the investigation
they learned that 1, 5 milliard AMD taken by citizens wasn’t entered
the state budget.

According to our refined data, a group of sly officials including
the names of ordinary workers, chief specialist and even the heads of
Cadastre sub-departments, came to an agreement to fraud certificates
and embezzle great sums of money in this way. As a result of it,
citizens or legal figures who tried to register their property in the
Cadastre were cheated by the crafty officials who suggested making
bank payment for them. Thus, only 1/3 taken from the citizens was
entered into state budget. The rest of the money the officials put
in their pockets. By the way, the receipts of "Areksinbank" and
"Armkhnaybank" were falsified.

R. Eghiazaryan, head of the Davitashen Cadastre department,
A. Sargsyan, chief specialist of the Erebuni registration department,
A. Khachatryan, chief specialist of legal department of the Ministry
of Energy, H. Ghambaryan, operator of "ArmPost" LTD delivery service
as well as Armen Zakaryan, head of the coordinating department of
Cadastre State Committee are among the crafty officials.

The investigation is under way. The above-mentioned people are accused
according to the 1st provision of Article 178 of the RA Criminal Code
and 1st provision of Article 203 for the embezzlement of great sums
of money and forgery of documents. They will probably be sentenced
to 9-year imprisonment.