YEREVAN. – The office of Armenia’s Attorney General initiated the criminal case on planned bankruptcy.

Investigation revealed that Yerevan resident G. Margaryan founded Erebuni alcohol factory in September, 2000, Attorney General’s press service informed Armenian News-NEWS.am. The company organized alcohol production and sales up to July, 2009.

Motivated by the unwillingness to pay taxes and repay the credit received, the founder of factory, entered into criminal conspiracy with the director of the company. The two made a false document on the alienation of all property of the company - equipment, transport, thus depriving the production of material and technical base. As a result of the fraud of the company management, company became a bankrupt, which inflicted AMD 172,526,900 damage to the state.

Margaryan willingly paid AMD 50 million at the investigation period. He is charged with the article 193 of the Armenian Criminal Code. The criminal case is sent to the court.