Investigation of case against Samvel Karapetyan, owner of Electric Networks of Armenia CJSC, and two other individuals completed – Investigative Committee
27.03.2026,
18:37
In Armenia, the preliminary investigation of the criminal case against Samvel Karapetyan, owner of Electric Networks of Armenia CJSC, and two other defendants has been completed, the press service of the Investigative Committee of the Republic of Armenia reported.
YEREVAN, March 27. /ARКА/. In Armenia, the preliminary investigation of the criminal case against Samvel Karapetyan, owner of Electric Networks of Armenia CJSC, and two other defendants has been completed, the press service of the Investigative Committee of the Republic of Armenia reported.
"The criminal case against the three defendants was opened for the following counts: 'large-scale tax evasion,' 'large-scale theft of property through abuse of official position or influence,' 'large-scale money laundering,' 'illegal activity through legal entities,' and, in the case of S.K., for 'public call for the seizure of power and the violent overthrow of the constitutional order,'" the statement noted.
The investigation believes that S.K. Together with two other high-ranking ENA officials, they organized and directed a large-scale tax evasion scheme totaling 1.8 billion drams, and, using their official powers, fraudulently stole and laundered 4.9 billion drams of illegally obtained assets on an especially large scale.
Furthermore, according to the statement, S.K., along with the heads of two other companies registered in Armenia, organized the use of these companies to launder 1.5 billion drams of criminally obtained assets on an especially large scale, in order to obtain financial gain and conceal illegal activity.
Karapetyan has been placed under house arrest, bail, and a travel ban, while the other two are under a travel ban, bail, and administrative supervision.
The criminal case with the indictment has been sent to the prosecutor for approval and subsequent referral to the court.
"The criminal case against the three defendants was opened for the following counts: 'large-scale tax evasion,' 'large-scale theft of property through abuse of official position or influence,' 'large-scale money laundering,' 'illegal activity through legal entities,' and, in the case of S.K., for 'public call for the seizure of power and the violent overthrow of the constitutional order,'" the statement noted.
The investigation believes that S.K. Together with two other high-ranking ENA officials, they organized and directed a large-scale tax evasion scheme totaling 1.8 billion drams, and, using their official powers, fraudulently stole and laundered 4.9 billion drams of illegally obtained assets on an especially large scale.
Furthermore, according to the statement, S.K., along with the heads of two other companies registered in Armenia, organized the use of these companies to launder 1.5 billion drams of criminally obtained assets on an especially large scale, in order to obtain financial gain and conceal illegal activity.
Karapetyan has been placed under house arrest, bail, and a travel ban, while the other two are under a travel ban, bail, and administrative supervision.
The criminal case with the indictment has been sent to the prosecutor for approval and subsequent referral to the court.
