The former CEO of the concern and the director of the company have been arrested.
05-08-2026 17:48 Armenia Human Rights
The investigation into the apparent cases of fraudulently misappropriating properties and monetary funds equivalent to 21 million 72 thousand 827 US dollars, amounting to 8 billion 126 million 946 thousand 460 Armenian drams, by G. Ts. and others, is being conducted by the Main Department for the Investigation of Economic Crimes and Smuggling of the RA Investigative Committee.
Based on sufficient evidence obtained, public criminal prosecution has been initiated against the former general director of the concern, S. A., and the company director, A. D., under Article 46-255, Part 3, Point 3 of the Criminal Code (aiding in particularly large-scale fraud) and Article 46-296, Part 3, Point 3 (aiding in particularly large-scale money laundering).
On August 5, 2026, based on the decisions made by the prosecuting authority, S. A. and A. D. were arrested for the purpose of being presented to the court.
The pre-trial investigation is ongoing.
* This text was automatically translated by Artificial Intelligence (AI).
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