7 EMPLOYEES OF ARDSHININVESTBANK’S GORIS BRANCH ACCUSED OF LEGALIZING INCOMES RECEIVED IN CRIMINAL WAY

NOYAN TAPAN
APRIL 9, 2010
YEREVAN

YEREVAN, APRIL 9, NOYAN TAPAN. The Investigation Department of
the RA National Security Service has completed an investigation
into the criminal case opened in connection with the fact of
embezzling fraudulently a particularly large sum of money and
legalizing the incomes received in a criminal way by the manager
of Ardshininvestbank’s Goris branch. The prosecutor who controls
legality of the investigation into the criminal case has confirmed
the indictement.

The investigators revealed and substantiated that in 2006-2009 H.
Bakhshian, the manager of Ardshininvestbank’s Goris barnch, issued
false loans of a total of 918,789,604 drams to 95 natural persons and
5 juridical persons. The sum was disbursed under loans and embezzled to
meet the manager’s personal needs and the needs of the companies owned
by this person, while the remaining sum was spent to repay the false
loans and interest on them. According to the investigators, through
these actions H. Bakhshian concealed and distorted the real nature
and sources of origin of 496 million 863.5 thousand drams embezzled
previously and legalized the incomes received in a criminal way. As
a result, damage of 693,808,812 drams was done to Ardshininvestbank.

The press service of the Office of the RA Prosecutor General reported
that based on evidence obtained by the investigators, charges have been
brought against 7 employees of Goris branch, including the manager,
the chief accountant, the teller, and employees of the accounting
and credit units. In particular, the manager H. Bakhshian is charged
under the RA Criminal Code’s Article 179 Part 3 Point 1 and Article
190 Part 3 Point 1, while other employees of the branch are charged
under Article 38-179 Part 3 Point 1. The criminal case has been sent
to the Syunik regional court of first instance.

From: Emil Lazarian | Ararat NewsPress