Armenian Courts Crack Down on Financial Crime: A Look at Notable Cases in 2010-2020

Armenian courts have demonstrated a strong commitment to combating financial crimes, including money laundering and terrorism financing, in recent years. Here is a look at some of the most significant cases that have made headlines between 2010 and 2020.

2020

• Case No. ED/0059/01/19: Armenuhi Тumanyn and Sergey Askaryan were charged with money laundering and terrorism financing. Sergey Askaryan faced additional charges in Case No. SD/0209/01/19. Vazgen Ghulyan was also charged with money laundering in Case No. ED/0215/01/20.

2014

• Case No. ARD/0071/01/14: Armen Sadovichiy was charged with money laundering.

2013

• Case No. ESHD/0008/01/12: Nareg Hartunyan faced money laundering charges.
• Case No. EKD/0044/01/13: Levon Matinyan was accused of various financial crimes, including money laundering.
• Case No. LD/0040/01/13: Henrik Grigoryan was charged with money laundering and other financial crimes.

2012

• Case No. EKD/0252/01/11: Ionut Botezatu was charged with various financial crimes, including money laundering and legalization of criminally acquired property.
• Case No. EKD/0056/01/12: Anjela Qamara was charged with money laundering and other financial crimes.
• Case No. EKD/0319/01/10 and Case No. EAND/0071/01/11: Ashot Aleksan Hakobyan was charged with money laundering, tax evasion, and bribery, among other cases.
• Case No. EKD/0088/01/11: Mikayel Ruben Tumasyan was prosecuted for money laundering, tax evasion, and other financial crimes.
• Case No. GD5/0038/01/10: Adi Ioan Blaga was charged with money laundering.
• Case No. GD/0023/01/10: Aram Robert Baghdasaryan and Khachatur Ruben Shaboyan were charged with illegal entrepreneurship and money laundering.

2010

• Case No. SD/0072/01/10: Hovik Asatur Bakhshyan was charged with money laundering and tax evasion.
• Case No. EKD/0117/01/10: Hitesh Saraogi was charged with money laundering, tax evasion, and document forgery.
• Case No. LD/0144/01/10: Loris Mukuch Ghazaryan was charged with money laundering.
• Case No. EKD/0090/01/09: Arsen Hayk Sargsyan was charged with money laundering.

2009

• Case No. EMD/0082/01/09: Amalya Stepan Matulyan faced charges of extortion, document forgery, and money laundering.
• Case No. EKD/0094/01/09: Cornel Constantin Stangaciu was charged with money laundering and tax evasion.
• Case No. EKD/0072/01/09: Vazgen Hambardzum Pkhrikyan was prosecuted for fraud and money laundering.
• Case No. EKD/0073/01/09: Mariam Mikayel Harutyunyan was charged with money laundering.
• Case No. EADD/0041/01/08: Vardan Tigran Avetisyan was charged with money laundering.
• Case No. EKRD/0021/01/09: Oliver Raducu Marian and Daniel Florin Feraru were charged with money laundering and other financial crimes.

2006

• Case No. 1/11-2006: An unnamed individual was prosecuted for money laundering and tax evasion.

Notable Cases with Multiple Charges

• Sergey Askaryan: money laundering and terrorism financing.
• Ashot Aleksan Hakobyan: money laundering, tax evasion, and bribery.
• Mikayel Ruben Tumasyan: money laundering, tax evasion, and other financial crimes.
• Amalya Stepan Matulyan: extortion, document forgery, and money laundering.

Askaryan Case

• Sergey Askaryan, Case No. SD/0209/01/19: additional charges of money laundering and terrorism financing.