YEREVAN, DECEMBER 3, NOYAN TAPAN. Having examined the materials sent by the RA Ministry of Economy concerning the activity of the liquidation commission of Kanaz OJSC, the Department for Protection of State Interests of the RA Prosecutor General's Office opened a criminal case under Article 308 of the RA Criminal Code (abuse of official authority), according to the website of the RA Prosecutor General's Office. During the alienation of property of Kanaz OJSC in 2004-2007, the officials of the liquidation commission used their official positions in their personal or group interests and contrary to official interests and did not perform their official duties, as s result of which they caused damage of 85,439,184 drams to the state. In particular, at the action held on January 26, 2006, the liquidation commission sold 25% of Kanaz OJSC's shares of 108,636,184 drams in ArAl CJSC to the founders of ArAl CJSC - Alumtec (50% of whose shares belonged to the chairman of the liquidation commission) and Farazgam CJSC at an obviously low and unfounded price of 23,197,000 drams, causing damage of 85,439,184 drams to the state. The criminal case has been sent to the Main Investigation Department of Police for investigation.

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