NATIONAL SECURITY SERVICE STATEMENT
Unofficial translation
June 12, 2012
On May 25, 2012, a criminal case was initiated by the National Security Criminal Investigation Department of the Republic of Armenia in the case of legalization of a particularly large amount of illicit income (money laundering), as spelled out in Article 190, Part 3, Paragraph 1 of the Criminal Code of the Republic of Armenia.
A criminal investigation is being carried out regarding the following:
The actual sale of 100% of shares for about USD 2,000,000 of the Armenia-founded “Huntsman Building Products” LLC, which belonged to “Polymer Materials” and “Huntsman International” corporations, registered in the United States, but not presenting the transaction to the tax authority as a result of incorrect contract formulations, not carrying out the possible tax responsibilities arising from this, not directing and not using for charity the USD 1,135,000 of that sum left in Armenia for exclusively charitable purposes by the will of the American side, transferring that sum to the bank accounts opened for the Civilitas Foundation’s founder and president Vartan Oskanian and board member Tigran Karapetyan, as well as illegally using part of that sum for personal purposes.
Besides, in violation of the requirements of its own charter and the legislation, the Civilitas Foundation has not presented a report for the year 2011 concerning the sources of funding and the funds used during the fiscal year, including charitable contributions of approximately USD 2,000,000 by corporations “Polymer Materials” and “Huntsman International”.
Tax inspections and inventory examination are to be conducted under the authority of the criminal case, interrogations and other investigative actions are being carried out, measures are taken to determine the full circumstances of the case and to make an objective and comprehensive investigation.
The investigation continues.