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#MULTI

Economy

Former CEO of Multi Group and director of one of the concern's companies detained in Armenia

The Investigative Committee of Armenia reports the detention of the chairman of the board of directors and former CEO of Multi Group, S.A. (Sedrak Arustamyan - ed.), and the director of one of the concern's companies, A.D. (Artur Dallakyan - ed.), in criminal proceedings for alleged large-scale fraud and money laundering.

05.08.2026, 18:13

Politics

Employees of companies from Gagik Tsarukyan's Multi Group holding are holding protests

Employees of several companies owned by Gagik Tsarukyan, president of Multi Group and leader of the Prosperous Armenia Party, are holding protests on Monday morning demanding the reopening of their sealed facilities.

13.07.2026, 16:53

Politics

Armenia's Prosecutor General's Office Demands the Return of Multi Group Properties on the Shores of Lake Sevan

The Prosecutor General's Office of Armenia is demanding the return of residential buildings, a plot of land, and other structures located on the shores of Lake Sevan, which, according to the office, are illegally owned by Multi Group Concern LLC, to state ownership.

08.07.2026, 12:03

Business

Prosecutor General's Office of Armenia accuses Multi Leon LLC of illegal use of land in Yerevan for 16 years

The Office of Prosecutor General of Armenia has announced that Multi Leon LLC has been illegally using land in Yerevan for approximately 16 years.

02.02.2026, 19:59

Business

Ardshinbank has opened a new branch in “Multi Magic Mall” shopping center

Ardshinbank is opening one more branch (“Hatis”) in the newly built shopping center. The new branch is located on the ground floor of “Multi Magic Mall” shopping center in Kotayk region.

29.04.2023, 14:34

Technology

Armenia to replace its law on television and radio

On Thursday, the National Assembly of Armenia passed in the first reading a package of draft laws on audiovisual media and a set of amendments to the law on licensing.

19.06.2020, 15:37

Business

Armenian NSS accuses Multi Group holding CEO of giving huge bribe

Armenia's National Security Service (NSS) has arrested Sedrak Arustamyan, the CEO of Multi Group holding, owned by Prosperous Armenia Party (BHK) leader Gagik Tsarukyan, on charges of giving $22.4 million bribe to a former finance minister Gagik Khachatryan, who served also for many years as head of the State Revenue Committee.

28.04.2020, 15:50

Business

VTB Bank (Armenia) and MultiCarta LLC sign cooperation agreement on provision of high-tech banking services

On October 17, 2019 VTB Bank (Armenia) and MultiCarta LLC signed a cooperation agreement, which will open up new opportunities for providing high-tech banking services.

18.10.2019, 16:35

Business

Multi Group to open 4 enterprises in Armenia

Two large enterprises will start operating in Armenia by the end of 2018, and another two are supposed to start operating next year, Armenian businessman and head of the Multi Group, Gagik Tsarukyan told reporters on Thursday.

19.10.2018, 16:11