Anti-corruption court extends Samvel Karapetyan's arrest for two months

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15.08.2025, 08:52

The Anti-Corruption Court has extended the arrest of Tashir Group President Samvel Karapetyan for another two months, a representative of his lawyers' team reported.

Anti-corruption court extends Samvel Karapetyan's arrest for two months

YEREVAN, August 15. /ARKA/. The Anti-Corruption Court has extended the arrest of Tashir Group President Samvel Karapetyan for another two months, a representative of his lawyers' team reported.

She reported that the court found reasonable suspicion in only one of the charges brought against Karapetyan.

The lawyers intend to appeal the court's decision.

Samvel Karapetyan was arrested in June on accusations of calling for a power seizure after he publicly supported the Armenian Apostolic Church in its conflict with Prime Minister Nikol Pashinyan’s administration. Following the arrest, Pashinyan declared it was time to nationalize Karapetyan’s company, Electric Netwroks of Armenia, and the Armenian parliament passed laws allowing the state to seize it.

In response, the Karapetyan family filed a lawsuit at the Arbitration Institute of the Stockholm Chamber of Commerce (SCC), citing a 1995 bilateral investment treaty between Armenia and Cyprus.

The SCC ruled that Armenia must halt any efforts to enforce the new legislation or confiscate the company, warning that such actions would hinder the family’s ability to recover damages if they lose control.-0-

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