Preliminary investigation of the criminal proceeding regarding fraud attempt in particularly large amount and submission of forged evidence to court within a civil case was completed in the Department for Investigation of Crimes against Property of General Department for Investigation of Particularly Important Cases of the RA Investigative Committee. 

In the course of the preliminary investigation factual data were obtained on the allegation that on March 10, 1999, a loan agreement was signed between "Armenicum+" OJSC and "Mika Limited" LLC regarding the provision of 4 million USD by the latter to "Armenicum+" OJSC as a business investment. Subsequently, in order to ensure the possibility of future repayment of the aforementioned sum invested by a private entity at business risk, L.G., Director of "Armenicum+" OJSC, and A.M., Director of "Armenicum" CJSC, signed a sham loan agreement on December 1, 1999, according to which "Armenicum+" OJSC allegedly provided around 1.6 billion AMD to "Armenicum" CJSC for a term of 6 years, and thereafter drafted false agreements regarding the extension of the contract term.

In addition, on the base of the aforementioned sham loan agreement signed back on December 1, 1999, A.M., Director of "Armenicum" CJSC, together with the company's chief accountant M.G., L.G., Director of "Armenicum+" OJSC, and A.B., chief accountant of the same company, drafted and signed false mutual reconciliation acts between 2011 and 2018 regarding an alleged obligation of around 1.6 billion AMD owed by "Armenicum" CJSC to "Armenicum+" OJSC, thereby creating a property liability in particularly large amount for "Armenicum" CJSC.

Thereafter, A.M., having the intent to embezzle a particularly large sum of around 1.6 billion AMD through fraud by filing a civil lawsuit, and for the purpose of carrying out this criminal intent, without convening a meeting of the company's shareholders, drafted a content-wise false record of the shareholders' meeting dated May 24, 2021, after the death of L.G., Director of "Armenicum+" OJSC, submitted it to the competent state body, thereby unlawfully assuming the position of General Director of "Armenicum+" CJSC while simultaneously combining it with the position of General Director of "Armenicum" CJSC.

In order to carry out the criminal intent, and to substantiate that the statute of limitations had been preserved, A.M. using the aforementioned false contract dated November 30, 2015, regarding the extension of the term of the sham loan agreement allegedly signed between "Armenicum+" OJSC and "Armenicum" CJSC on December 1, 1999, along with false mutual reconciliation acts, on November 27, 2025, submitted a claim to the Civil Court of General Jurisdiction of First Instance of Yerevan demanding around 1.6 billion AMD from "Armenicum" CJSC - a company with 100% state participation which is currently under examination.

Public criminal prosecution was initiated against A.M., Director of "Armenicum+" OJSC. According to the Point 2 of the Part 2 of the Article 44-277, the Point 3 of the Part 3 of the Article 44-255, the Point 2 of the Part 2 of the Article 479, and the Part 2 of the Article of RA Criminal Code.

During the preliminary investigation, public criminal prosecutions were not initiated against M.G., chief accountant of "Armenicum" CJSC, A.B., chief accountant of "Armenicum+" OJSC, as well as L.G., former Director of "Armenicum+" OJSC, on the grounds of the expiration of the statute of limitations and death.

The criminal proceeding with the bill of indictment was referred to the supervising prosecutor for approval and referral to court.