The Investigative Committee has published updated information about the investigation of fraud and misuse during the development and implementation of North-South Highway. The investigation has found that despite the policy requirement to select the subcontractors of the Spanish contractor was to be performed with the approval of the relevant officials of the Ministry of Communication and Transport, the actual process was led by Lyova Sargsyan, the brother of the third president Serzh Sargsyan, the special envoy of Armenia, who organized and implemented the processes through Suren Vardanyan and Gevorg Vardanyan, the owners of a subcontractor, Politransport LLC.
The Investigative Committee has found out that Lyova Sargsyan had real influence over the process of selection and involvement of subcontractors for construction contracts for the project worth 250 million dollars and, together with the aforementioned persons, used his influence for favoring the selection of a legal entity for which he demanded 50% of the expected profit from construction works through a middleman and organized the receipt of the money through money laundering.
Lyova Sargsyan is charged under Article 190 Para 3.1 and Article 311.2 Para 4.2 of the Criminal Code, a notice of wanted has been issued. The court has issued a warrant of custody.
Suren Vardanyan and Gevorg Vardanyan are charged under Article 38-189 Para 3, Article 190 Para 3.1, Article 38-205 Para 2 and Article 311.2 Para 4.2. A notice of wanted has been issued. The court has issued a warrant of custody.