AMD 1 billion recovered in major tax evasion case

PanARMENIAN.Net - The Investigative Committee’s General Department for Economic Crimes and Smuggling is investigating a criminal case against a company engaged in the production, import, and sale of medicines. The company is accused of falsifying data in value-added tax, excise tax, and profit tax documents to evade payment of particularly large amounts of taxes.

As a result of extensive investigative and procedural actions, 1 billion drams of damage caused to the state has been recovered.

The preliminary investigation is ongoing.

Note: A person accused of a crime is considered innocent until proven guilty by a court judgment that has entered into legal force, as stipulated by Armenia’s Criminal Procedure Code.