Skip to main content

AARHUS: Global Gold Referred For Criminal Investigation

On December 22, 2014 The Armenian based environmental NGO, EcoRight, filed a request with the Ministry of Nature Protection of the Republic of Armenia to commence a criminal investigation against Mego-Gold (Global Gold subsidiary that operates the Toukhmanuk Gold Mine) for violating the laws of Armenia, and more specifically: 

* embezzlement of state property through fraud; 

* tax evasion through false entrepreneurship, hiding overpayments and other gained material benefits, which has caused major damage to the citizens of the Republic of Armenia; 
* Performing illegal commercial activities without a special permit (license) to carry out entrepreneurial activities subject to licensing; 
* violation of rules in implementing environmental safety activities; 
* features of crimes in violation of rules of mineral resources conservation and use. 

On January 16, 2015, The AArhus website ( published a confirmation letter dated December 26, 2014 issued by the Ministry of Nature Protection (Environment) confirming that "no inspections were conducted in the area of the (Toukhamnuk) mine, and thus no environmental impact assessment was made." 

The letter from the chief of staff of the Ministry of Nature protection goes on to say that the "Tukhmanuk mine violations (have been forwarded) to the law enforcement authorities for initiating criminal proceedings." 

English Translation of Original Complaint to the Ministry December 22, 2014: 

English Translation of Reply from the Ministry December 26, 2014: 

Armenian version of Original Complaint to the Ministry December 22, 2014: 

Armenian version of Reply from the Ministry December 26, 2014: 

Popular posts from this blog

Clear and Apparent Fraud at GBGD and Toukhmanuk Gold Mine

On July 5, 2013, GBGD and Mr. Van Krikorian (President and CEO) signed a deal with Linne Mining to act as the CONTRACT MINER for the development of its Toukhmanuk Gold Mine, in Armenia.
By November 2015, Van Krikorian announced in its SEC quarterly filings (10-Q), that the Toukhmanuk project was delayed because the contract miner "requested" to be relieved of its obligations under the mining contractagreement.

To this date, Van Krikorian has failed to post a copy of Linne Mining's letter or provide any clarification to investors, why Linne Mining requested to be "relieved" of it obligations. 

Three months later, the reason for Linne Mining's actions have started to become crystal clear. Linne has been swindled by Van Krikorian and GBGD. There is no gold worth mining at the Toukhmanuk Gold Mine. Here is the proof.

Two documents, which were prepared for Linne Mining, surfaced on the web last week. These two documents outline that the database provided by GBGD and…


That's what Mr. Van Z. Krikorian said to me and my brother (John Mavridis) in October 2010 while we were trying to resolve the dispute between Global Gold and Caldera.  Little did I know that he was serious and that his scheme was already put in place weeks before!

Mr. Van Z. Krikorian, the Corporate Counsel of Global Gold Corporation, authorized his lawyer in Armenia Mr. Hrayr Ghukassyan, to file a criminal complaint against me for theft and fraud on September 15, 2010, for allegedly stealing the shares of Marjan Mining Company.

Below is the signed complaint filed by Global Gold Mining, the subsidiary of Global Gold Corporation (GBGD) that was filed with the Prosecutor of Yerevan City, Mr. Badalyan.

Translated from Armenian

To: Mr. Badalyan,
Prosecutor of Yerevan city

From: Hrayr Ghukasyan
Global Gold Mining LLC
Representative of the Armenian Branch

Address: 2a/2 Tumanyan, Yerevan, Republic of Armenia Tel: 010 52-94-18, 093 988-797
Consider and report to: