Director of ‘Multi Group’ Concern Charged with Large-Scale Money Laundering

Director of the ‘Multi Group’ concern has been charged with large-scale money laundering. The Investigative Committee of Armenia reported that during the investigation into the criminal case regarding apparent abuses in the processing and implementation of the 'North-South Road Corridor' program, charges have been brought against Sedrak Arustamyan, who has effectively managed the operations of 'Stonse LLC'. He is being charged under Article 190, Part 3, Clause 1 of the RA Criminal Code, which pertains to the illegal appropriation of property, namely legalizing property obtained through criminal means (money laundering).

The Investigative Committee further noted that changes and additions have been made to the charges against Suren Avagyan and Gurgen Sargsyan during the investigation of the criminal case concerning the apparent abuses in the program's processing and implementation.

Applications have been filed with the court to choose pre-trial detention as a measure of restraint for Sedrak Arustamyan, Suren Avagyan, and Gurgen Sargsyan. As of today, 15 individuals have the status of defendants in the criminal case.