Thursday, April 11 2019 14:40

ArmInfo.The "Catherine Group" Co. Ltd. enterprise, owned by former MP from the Republican Party of the National Assembly of Armenia and former Chief Compulsory Officer of Judicial Acts (chief bailiff) of Armenia Mihran Poghosyan, whose  name appeared in the center of an offshore scandal, on 29 March was  declared bankrupt by the court. This is stated on the official  website of the RA Justice.

The company was declared bankrupt at the request of the transport and  logistics company Alliance Logistics LLC. The latter applied to the  court, saying that "Catherine Group" Co. Ltd. owed Alliance Logistics  LLC for services rendered 6.832.857 drams, which it had pledged to  pay before December 3, 2018.

According to the source, "Catherine Group" Co. Ltd. submitted an  objection to the court against the claim, according to which the  company claims that since the authorized administrative bodies of the  Republic of Armenia imposed bans, the company was not able to fulfill  its obligations for objective reasons.

"The court finds that the "Catherine Group" Co. Ltd. has signs of  bankruptcy, which is why it considers it proper to fulfill the  lender's requirement," the source said.

The first meeting of the founders will take place on July 1. Arsen  Babayan, arbitration manager Tigran Sahakyan acted as a judge in the  bankruptcy case of"Catherine Group" Co. Ltd..

To note, the "Catherine Group" Co. Ltd. was founded in 1997. Its main  activity at that time was the import and sale of fruits in Armenia  through its own distribution network. The company also imports and  sells nitrogen, nitrogen-phosphorus and other mineral fertilizers in  Armenia and Artsakh, is engaged in animal husbandry and other  activities.  In many import positions, the company was an artificial  monopolist. Its owner turned out to be a defendant in the offshore  Panama scandal in 2016, but being a close person to Serzh Sargsyan,  he was not particularly affected by the consequences of the scandal,  only by resigning from the post of Chief Compulsory Officer of  Judicial Acts of RA.