YEREVAN (Armenpress) — By a decision of Vahe Misakyan, Judge of the Court of General Jurisdiction of Avan and Nor Nork Administrative District of Yerevan City, the criminal case against former President of Armenia Serzh Sargsyan and others has entered the stage of arraignment, it was reported on February 3.
Sargsyan is accused of organizing embezzlement 489 million drams (more than $1 million) with the help of other officials through misuse of his official position in the period of January 25 to February 7, 2013.
According to the charges, on January 24, 2013, the Government of Armenia confirmed the state assistance program for providing farmers with cheap diesel fuel. A number of companies, including Maxhur and Flash, expressed readiness to provide the fuel.
The officials of the Ministry of Agriculture of Armenia decided to introduce Maxhur, which presented the cheapest price for the fuel, for the confirmation of the cabinet.
Sargsyan, being aware of the cheaper offer for the supply, demanded a number of officials to choose Flas” as the supplier of the fuel, ensuring personal profits for himself.
As a result, the Government paid over 1.2 billion drams to Flash as a subsidy, while it would only have to pay 846 million drams to Maxhur.