The Prosecutor’s Office also discovered a number of violations in the process of acquiring the “Golden Key” sanatorium owned by “Araratcement” company. RA General Prosecutor’s Office informs about it.
In particular, by the decision of January 9, 2003, the Head of the Government allowed the RA Minister of State Property Management to sell the “Golden Key” sanatorium (sanitary) at 5 Shahumyan St., Ararat city, at a cost of 44 million 390 thousand drams, setting the minimum price at 6 million 500 thousand drams.
“Araratcement” PB company was recognized as the winner of the announced competition. According to the contract signed on August 15, 2003, the company undertook to make an investment of 30 thousand US dollars within two years from the moment of signing the contract, as well as to create 30 jobs during the same period.
The company subsequently submitted false documents purporting to have fulfilled the above obligations.
After that, the head of the State Property Management Department under the Government of the Republic of Armenia did not check the fulfillment of the obligations stipulated in the contract, he considered them fulfilled, as a result of which the Republic of Armenia suffered a property damage of 44 million 390 thousand drams.
On June 10, 2004, the competent official of the RA Cadastre Committee, based on non-relevant decisions, registered the ownership right of the “Araratcement” PB company over the sanatorium building and buildings with an area of 1,468.70 square meters, and the lease right over the land plot with an area of 3,165 ha encumbered by them.
The prosecutor, in the framework of exercising his powers of protection of state interests, having discovered features of an apparent crime, submitted a report on the crime to the Anti-Corruption Committee on June 15, 2026.
At the same time, based on the violations found in the process of expropriation, the Prosecutor’s Office submitted a claim to the Administrative Court to annul the state registration of property rights made in the name of “Araratcement” PB company to the “Golden Key” sanatorium in Ararat city.
Let’s remind that the General Prosecutor’s Office also discovered a number of violations in the process of privatization of “Araratcement” company and acquisition of plots of land of “Araratcement” company.
On May 5, 2026, the General Prosecutor’s Office addressed a letter to the Government of the Republic of Armenia, proposing to discuss the appropriateness of implementing proper administration in order to eliminate the existing violations in the company and their consequences, including, for example, appointing a temporary manager in the company.
Investigations of the Prosecutor’s Office are in progress in order to find out the legality of acquisition of other properties owned by “Araratcement” PB company.
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