Preliminary investigation of the criminal proceeding on swindling in particularly large amount committed by A.K., director of a construction company, was completed in the Department for Investigation of General and Election-Related Crimes of General Department for Investigation of Particularly Important Cases of the RA Investigative Committee.

In the course of preliminary investigation of the criminal proceeding apparent factual data were obtained on the allegation that the director of a real estate appraisal company, H.A., provided the director of the company acquiring areas of primary public interest in the area adjacent to Abovyan-Nalbandyan-Arami streets in Yerevan with a false appraisal report that was several times lower than the real market value of the real estate subject to appraisal.

As a result, based on the report, A.K. swindled by fraud the real estate in particularly large amount, worth 370 million 700 thousand AMD, owned by V.G. and S.Y., paying for it a total of 74 million 906 thousand AMD, as determined by the appraisal report. 

Public criminal prosecution was initiated against A.K. according to the Point 3 of the Part 3 of the Article 255 and the Part 1 of the Article 457 of RA Criminal Code, against H.A. according to the Point 3 of the Part 3 of the Article 46-255 and the Part 1 of the Article 457 of RA Criminal Code.  

A ban in the amount of 295 million 902 thousand AMD was imposed to the real estate owned by A.K..

The criminal proceeding with the bill of indictment was sent to the prosecutor.