The leader of the pro-Russian Tsarukyan Party was detained in Yerevan
Hagik Tsarukyan, the leader of the pro-Russian “Prosperous Armenia” party, has been detained in Armenia. The politician is suspected of large-scale fraud and money laundering.
According to investigators, the criminal case pertains to events that took place between 2022 and 2024. Law enforcement officials believe that, under Tsarukyan’s leadership, a group of individuals may have carried out a large-scale fraud scheme and laundered illegally obtained funds.
According to investigators, the suspects, under the guise of developing trade and economic relations between Armenia and Iran, established joint ventures with Iranian citizens. Under the pretext of organizing logistics operations, 52 vehicles, equipment, fuel, and other goods were imported into the country.
The Investigative Committee states that the participants in the scheme forged customs declarations and other official documents, after which they illegally appropriated property worth approximately $21.7 million.
According to law enforcement officials, to conceal the origin of the assets, the suspects used forged import documents, sold some of the goods based on these documents, and mixed the proceeds with legitimate income to launder the funds.
Armenian law enforcement agencies are currently continuing their investigation, and details regarding further procedural decisions concerning Tsarukyan have not yet been disclosed.
Armenpress reported this on July 6, citing the Investigative Committee of Armenia.
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