Court Grants Bail for Former Armenian MP Detained for Money Laundering
Yerevan’s Court of General Jurisdiction today approved a motion to release former Armenian MP Aleksan Petrosyan, detained on a money laundering charge, on bail.
Judge Vardan Grigoryan set bail at 30 million AMD ($62,670), not the 20 million AMD sought by Petrosyan’s relatives.
Petrosyan faces charges of assisting former Armenian Minister of Nature Protection Aram Harutyunyan in a money laundering scheme.
Mihran Poghosyan, Petrosyan’s lawyer, told Hetq that his client will be released upon payment of the bail and submittal of required documents.