Investigation requests two-month arrest for Gagik Tsarukyan

The court on Tuesday is considering the issue of a preventive measure against the leader of the Prosperous Armenia party, businessman Gagik Tsarukyan.

"The Investigative Committee of Armenia petitioned for his arrest for a period of two months," said SK press secretary Kima Avdalyan.

Earlier, the Investigative Committee of Armenia announced the detention of Tsarukyan, providing details about the criminal case initiated against him.

According to the investigation, a group of citizens organized by Tsarukyan was engaged in fraud and legalization (laundering) of funds on an especially large scale. According to the case materials, in 2022–2024, under the guise of developing trade relations with Iran, they stole property worth over 8.1 billion drams (about $21 million) and subsequently legalized the proceeds.

Source: News-Armenia