The preliminary investigation of the criminal case initiated on deliberate bankruptcy has been completed. The prosecutor of the Property and Economic Crimes' Department of the RA General Prosecutor's Office who supervised the preliminary investigation of the criminal case has confirmed the bill of indictment.

The preliminary investigation has revealed that the citizen of Yerevan H. Margaryan in September 2000 founded "Erebuni Wine-Brandy Factory" Ltd. and till July 2009 produced in the mentioned company and sold alcoholic drinks in the building by the address Artsakh 47.

The "Erebuni Wine-Brandy Factory" Ltd. had tax liability of 61 462 259 drams to the State Budget and H. Margaryan, based on his personal interests and the interests of whose people who had given loans to the company as well as having the purpose to deliberately avoid paying the taxes, with the help of his relative, the head of the "Erebuni Wine Factory" Ltd.

N. Margaryan, in 2009 sold the whole property of the "Erebuni Wine-Brandy Factory" Ltd. by 347 467 779 drams to the "Erebuni Wine Factory" Ltd. that is the manufacturing equipment, means of transport, the products and other means thus depriving the company of its production ability and solvency.

H. Margaryan paid off his and the other persons loans by the above-mentioned sum of money. As a result, the "Erebuni Wine-Brandy Factory" Ltd. was deprived of all the possibilities to carry out its liabilities. Thus H. Margaryan created features of deliberate bankruptcy and caused 172 526 900 drams damage to the State.

During the preliminary investigation 50 million drams was restored.

H. Margaryan has been charged according to the RA Criminal Code Article 193 and N. Margaryan Article 39-193.

Prosecutor General's Office reports that the criminal case has been sent to the Court of First Instance.