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A prosecutor has charged the former director of Armenicum CJSC with attempted particularly large-scale fraud, abuse of official powers, presenting false evidence to a court for financial gain, and using a forged document, the Prosecutor General’s Office said.
The criminal case against A.M. was sent to the Anti-Corruption Court with an indictment on September 22, 2026. The Prosecutor General’s Office said that, among other procedural measures, information obtained during the preliminary investigation through Eurojust mechanisms corroborated the factual circumstances underlying the charges.
According to the Prosecutor General’s Office, the investigation conducted by the Investigative Committee established that A.M., who served as director of Armenicum CJSC from 1998 to 2023, allegedly prepared a false record of a shareholders’ meeting of Armenicum+ CJSC without actually convening the meeting.
The record allegedly contained false information about the participation of the company’s shareholders. A.M. allegedly submitted the record to a competent state authority and unlawfully assumed the duties of general director of Armenicum+ CJSC.
The Prosecutor General’s Office said that A.M. subsequently intended to unlawfully obtain a particularly large amount of money from Armenicum CJSC, which was founded by the Republic of Armenia and is 100% state-owned.
Based on other allegedly falsified accounting evidence, and with the aim of presenting financial transactions as genuine and justified, he filed a lawsuit through a lawyer on November 27, 2025, with the Civil Court of First Instance of Yerevan, demanding that AMD 1,500,770,000 be recovered from Armenicum CJSC in favor of Armenicum+ CJSC, the Prosecutor General’s Office said.
On September 11, 2026, the prosecutor charged A.M. with attempted particularly large-scale fraud, abuse of official powers, presenting false evidence to a court for financial gain, and using a forged document, under Articles 44-277(2)(2), 44-255(3)(3), 479(2)(2) of the Criminal Code and Article 325(2) of the Criminal Code adopted in 2003.
The Prosecutor General’s Office has also sent letters to competent state authorities concerning the process of declaring A.M.’s registration as director of Armenicum+ CJSC and the evidence submitted in the civil case unlawful.