Money laundering charges brought against Mihran Poghosyan
YEREVAN, SEPTEMBER 20, ARMENPRESS. Extra criminal charges have been brought against former Director of the Compulsory Enforcement Service Mihran Poghosyan as part of an ongoing investigation, the Special Investigations Service said.
Poghosyan is charged with money laundering.
Authorities said Poghosyan has been engaged in illegal entrepreneurship and has laundered nearly 1,2 million dollars using the profit of several companies managed by him and Catherine Group LLC as a result of tax evasion. He used the money for the ongoing activities of Catherine Group, including for repaying loan obligations, authorities said. Authorities said Poghosyan signed formal contracts in 2015 to operate the scheme, including by using an offshore company registered in Panama.
Authorities said Poghosyan has laundered 1,190,000 dollars.
The Special Investigations Service said it continues investigating the case.
Poghosyan is currently wanted on other criminal charges also.
Edited and translated by Stepan Kocharyan