Former head of compulsory enforcement service charged with state budget embezzlement amounting to over 44 million AMD

Former head of compulsory enforcement service of Armenia's Justice Ministry Mihran Poghosyan has been involved as a defendant in a criminal case for the implementation of publicly dangerous deeds by using his position Poghosyan. In particular, Poghosyan is accused of embezzling big amount of property and abusing his power resulting in grave consequences, Special Investigation Service reports.

According to the accusation, having assumed the mentioned position from June 11, 2008 Poghosyan appointed his security guard in the post of the consultant of the service and his personal driver as leading consultant. The mentioned people did not implement the duties assumed by their posts but instead were implementing the personal instructions of Mihran Poghosyan. The two received the salary and payments for the positions amounting to 44,199,463 AMD.

As a result, Poghosyan, using his post has embezzled  over 44 million AMD from the state budget.

Besides, using his position Poghosyan signed service providing contracts with the organizations managed by him, causing a big harm to the state which resulted in grave consequences.

In 2011 Poghosyan also founded offshore companies in Panama, appointing people close to him as directors. Afterwards, Poghosyan participated in the management of the organizations and founded new companies in Armenia, including Best Realty company which was providing real estate property evaluation services to compulsory enforcement service. In the period from 2014-2016 the company was paid 43,890,000 AMD by the service.

On April 13 the Special Investigation Service has filed a motion to the Yerevan court of general jurisdiction for arresting Mihran Poghosyan.

​Search has been declared for him. Investigation is underway.