Armenia’s ex-prosecutor general detained and charged with money laundering

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07.09.2021, 13:38

Armenia’s Special Investigative Service (SIS) said today that ex-prosecutor general Aghvan Hovsepyan, who served also for some time as chief of the Investigative Committee, has been detained.

Armenia’s ex-prosecutor general detained and charged with money laundering

YEREVAN, September 7. /ARKA/. Armenia’s Special Investigative Service (SIS) said today that ex-prosecutor general Aghvan Hovsepyan, who served also for some time as chief of the Investigative Committee, has been detained.

It said based on sufficient evidence, it was found out that Hovsepyan, when serving as prosecutor general from March 18, 2004 to September 13, 2013, and when serving as head of the Investigative Committee from July 18, 2014 to June 11, 2018, was involved in the management of a number of LLCs engaged in entrepreneurial activities.

SIS said it has found out that through 190 million dram bribery and fraud Aghvan Hovsepyan embezzled property worth f 800 million drams.

Hovsepyan is charged with property legalization (money laundering) in the amount of about 1.3 billion drams.

More precisely, the ex-prosecutor general is charged with illegal entrepreneurship, taking a bribe, fraud and legalization of proceeds obtained by illegal means.

Hovsepyan was detained on September 7. SIS said more detailed information will be provided during the preliminary investigation ($1 - 493.48 drams). -0-

#EX-PROSECUTOR GENERAL

#MONEY LAUNDERING

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