ORDER FOR CONFISCATING 373.5 MLN DRAMS FROM "AGROCOMPLEX" COMPANY PLACED TO RA ECONOMIC COURT

Noyan Tapan
Mar 14 2006

YEREVAN, MARCH 14, NOYAN TAPAN. Based on the materials prepared at
the Department for Protecting State Interests of the RA Prosecutor
General's Office, according to Article 214.2 of the RA Criminal Code,
a criminal action was brought against "Agrocomplex" LTD Director
G.Avetisian on the occasion of his abusing his commissions in the
sphere of fulfilling his tax obligations.

According to the information of the Prosecutor's Office, "Agrocomplex"
imported Armenia commodity and material values of different types and
sold them avoiding paying taxes. The tax obligations of the company
made in total 373 mln 557.1 thousand drams (about 830 thousand
U.S. dollars) according to data of 2003, 2004 and the first quarter
of 2005. Based on the prepared materials, the RA Deputy Prosecutor
General placed an order to the RA Economic Court, demanding to
confiscate money of the above-mentioned size from the "Agrocomplex"
LTD in favour of the state budget.