“Despite the fact that CC did not have the authority to carry out direct checks in “GeoProMining Gold” LLC it concerned only the verification of the legality of granting the subsoil and legality of its use. CC has gone beyond this subject and reviewed the questions, which totally did not relate to operation of mines,” reads the statement by GeoProMining Gold sent to NEWS.am.

“Control Chamber has the right to exercise control over budgetary revenues only in the relevant auditing and government regulatory bodies, rather than a Company, and may not present the latter claims on budget liabilities.

CC addressed issues related to the annual concession payments, payments for naturе use and to issues that relate to the requirements of the Republic of Armenia Law "On State Regulation of Technical Security”, as well as on pledge of share of the company in financial institutions, including credit agreement the company and members of the company.

It is worth noting that the contract of share pledge of “GeoProMining Gold” LLC became available to CC illegally, because “GeoProMining Gold” LLC did not provide such documentation to CC. Regarding this matter CC violated the commercial secrets of the Company and additionally published false information, as “GeoProMining Gold” did not take a loan of 250,000,000 U.S. dollars.

CC tries to present the Company’s financial obligations against the state, which are based not only on incorrect data, but also on the wrong estimates. It is also necessary to note that the Company '”GeoProMining Gold” LLC is well aware of its financial obligations against the State, calculates and executes them, and for this purpose there are special authorized bodies in the Republic of Armenia which, under the Law "On Organization of Inspections” conduct control at “GeoProMining Gold” LLC,” the statement says.

As NEWS.am reported earlier, Chairman of the RA Control Chamber Ishkhan Zakaryan has brought a number of accusations against GeoProMining Company, which is developing the Sotk and Meghradzor goldfields, as well as operating the Ararat Gold Recovery Factory. He accused the company of failing to honor its commitments.