On 22 September 2026, the prosecutor, with an approved indictment, submitted to the Anti-Corruption Court the files of the criminal proceedings concerning A.M., Director of “Armenicum” CJSC, who is accused of attempting to commit fraud on an especially large scale and presenting false evidence to the court.

The criminal proceedings investigated by the Investigative Committee established that, during the period from 1998 to 2023, A.M., being the Director of “Armenicum” CJSC, prepared a false record of the shareholders’ meeting of “Armenicum+” CJSC without convening a shareholders’ meeting of the company. A.M. included in the record information concerning the participation of the company’s shareholders that did not correspond to reality, submitted the record to the competent state authority and unlawfully assumed the duties of General Director of “Armenicum+” CJSC.

Thereafter, with the prior intention of embezzling funds on an especially large scale from “Armenicum” CJSC, founded by the Republic of Armenia and 100 percent owned by the Republic of Armenia, A.M., on the basis of other false evidence concerning accounting records and for the purpose of presenting the financial transactions as genuine and substantiated, through a lawyer, filed a claim with the Civil Court of First Instance of General Jurisdiction of Yerevan City on 27 November 2025, demanding to recover AMD 1,500,770,000 from the state in favour of “Armenicum+” CJSC.

On 11 September 2026, the prosecutor initiated public criminal prosecution against A.M. under point 2 of part 2 of Article 44-277, point 3 of part 3 of Article 44-255, point 2 of part 2 of Article 479 of the Criminal Code, and part 2 of Article 325 of the Criminal Code adopted on 18 April 2003, and on 22 September 2026 submitted files of the criminal proceedings, together with the indictment, to the Anti-Corruption Court.

It should be noted that, among other procedural actions, during the pre-trial investigation, data were obtained through the use of Eurojust tools, which substantiated the factual circumstances underlying the charges.

The Prosecutor’s Office sent letters to competent state authorities regarding the process of declaring unlawful the registration of the Director of “Armenicum+” CJSC and the evidence submitted in the civil case.

Notice:  A person charged with any crime shall be presumed innocent until proved guilty in the manner prescribed by the RA Criminal Procedure Code—by the judgment came into legal force.