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Araks Mamulyan

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.

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