The National Committee of Inquiry has announced that it has uncovered criminal activities and smuggling operations involving the company ‘Sh…’ in the telecommunications and trade sector. In the course of their investigation, it was discovered that the major shareholder, S.Sh., the executive director, H.Sh., and the chief accountant, M.A., intentionally evaded paying taxes amounting to 88,190,429 Armenian Drams. They also concealed the actual turnover of assets obtained through illegal means by inflating expenditure amounts.

Based on evidence provided in official documents, the involvement of these individuals was established under Article 3, Part 2 of Article 290, and Part 1 of Article 296 of the Criminal Code of the Republic of Armenia. This led to the decision to conduct a comprehensive tax audit of the company’s business activities.

In addition, the arrested individuals have made a statement acknowledging their involvement in the crimes.

On the same day, searches were conducted at the company’s business premises and residential addresses. During these searches, evidence related to the company’s business transactions, computer servers, and financial documents were seized.

The investigation is still ongoing, according to the statement released by the National Committee of Inquiry.