YEREVAN, DECEMBER 19, ARMENPRESS.  Former President Serzh Sargsyan’s assets have been frozen amid an ongoing investigation, authorities said.

Sargsyan is suspected in abuse of power and embezzlement of nearly half a billion drams during his tenure as president through a businessman Barsegh Beglaryan, who in turn is also facing criminal charges.  

The assets of Barsegh Beglaryan, the head of FLASH, a petroleum company based in Armenia, were also frozen.

Authorities said they have frozen the assets equal to the amount of the suspected damages inflicted.

Edited and translated by Stepan Kocharyan