Samvel Karapetyan arrested

Businessman and Tashir Group founder Samvel Karapetyan has been arrested.

Armenia’s Investigative Committee announced the arrest, stating that criminal prosecutions had been initiated against him and 35 others in a case involving particularly large-scale financial damage to Electric Networks of Armenia (ENA), embezzlement of entrusted property and money laundering.

According to the Investigative Committee, the total damage caused to the company exceeds AMD 64.585 billion.

As part of the case, law enforcement officers today carried out simultaneous searches at 65 premises, including homes and company operating addresses.

Samvel Karapetyan is under house arrest in connection with separate criminal proceedings. He has also been charged with making public calls to seize power and overthrow the constitutional order. Karapetyan had also been charged with money laundering in another case.