Investigative Committee opens criminal case in fact of  multimillion-dollar violations at High Voltage Electrical Networks  CJSC 

ArmInfo.With the consent of the Prime Minister of the Republic of Armenia, on the basis of an order from the head of the State Supervision Service of the Republic of Armenia, a study was conducted at the High Voltage Electrical Networks  CJSC  which revealed multimillion-dollar violations in the company.

According to the press service of the State Supervision Service, as a 

result of the study, obvious violations and systemic problems were 

recorded totaling about 10.7 billion drams, 2.6 million US dollars 

and 10.6 million euros, as well as an increase in the cost of the 

project in the amount of 146.0 million euros due to its untimely 

non-implementation. In order to eliminate the abovementioned 

violations, as well as systematically solve problems, the Ministry of 

Territorial Administration and Infrastructure of the Republic of 

Armenia, as an authorized body, has been presented with a proposal to 

hold discussions with the Company and take measures to eliminate the 

abovementioned violations and systematically solve problems, as well 

as in the direction of restoring funds from the state budget of the 

Republic of Armenia .

To give a legal assessment, the facts containing signs of an obvious 

crime were transferred to the RA Prosecutor General's Office, which 

submitted a report of the crime to the RA Investigative Committee. As 

a result, on November 3 of this year, a criminal case was opened in 

the Main Directorate for Investigation of Particularly Important 

Cases of the Investigative Committee of the Republic of Armenia on 

the grounds established by the relevant articles of the Criminal Code 

of the Republic of Armenia.

In pursuance of the order N12 dated 20.01.1997, of Ministry of Energy 

of RoA, proceeding from the improvement necessity in Energy System of 

RoA, "High Voltage Electrical Networks" as a subsidiary company was 

established in the structure of "Armenergo" State Enterprise on 

30.06.1997.

Based on the decision N450 dated 20.07.1998 of the Government of RoA, 

"High Voltage Electrical Networks" CJSC (HVEN CJSC) was established 

on 21.08.1998 in a way of reorganization of subsidiary company as 

"High Voltage Electrical Networks" CJSC.  The main objects and goals 

of HVEN CJSC are the transmission of energy via 220-110kV electrical 

networks, existing in the balance of HVEN CJSC.