ARMENIAN GOVERNMENT PROPOSES TOUGHENING PUNITIVE MEASURES
FOR ECONOMIC CRIMES
08-11-2007 19:25:00 | Armenia | Economy
YEREVAN, NOVEMBER 8, NOYAN TAPAN. At the November 8
sitting, the Armenian government approved the draft law on
making amendments and additions to the RA Criminal Code. The RA
deputy prosecutor general Mnatsakan Sargsian said after the
sitting that the adoption of the law is conditioned by the
necessity to change the penal policy conducted in the fight
against crimes aimed against economic activity. According to
him, by these amendments, it is envisaged to use a fine in the
amount of three thousand minimum salaries instead of a thousand
minimum salaries as the upper limit of the fine and 3-5 years
imprisonmet instead of the current 2-4 years' imprisonment as
administrative penalty in case of an economic crime.
According to statistics, 137 economic crimes were
registered last year, which was twice as many as in 2005.
By the way, M. Sargsian said that the ground for opening a
criminal case against the director of Pizza di Roma company was
the fact that evasion of taxes of 15 million drams (about 45
thousand dollars) was revealed only at one of the seven
facilities owned by the company.