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Armenia Adds Money-Laundering Counts to Case Against Detained Tycoon Samvel Karapetyan

His lawyers call the accusation legally unfounded ahead of his October 18 detention deadline.

Overview

  • Armenia’s Investigative Committee said the case was updated to include money laundering in especially large amounts using official powers or influence under Article 296 Part 3 points 2 and 3.
  • The defense asserts the new count lacks any legal basis and says investigators have taken no procedural actions with Karapetyan since August 15.
  • Karapetyan was arrested on June 18 over alleged public calls to seize power, which he denies, and his current pretrial detention is due to expire on October 18 with no public motion to extend.
  • On August 15 the Anti-Corruption Court extended his detention but did not validate suspicions of economic crimes, and prosecutors have appealed related lower-court rulings to the cassation court.
  • Authorities continue actions affecting his businesses, including inspections, the closure of several Pizza Tashir outlets, and a move to nationalize Electric Networks of Armenia.