Former Armenian Prosecutor General Arrested For Embezzlement, Money Laudering
Armenian police today arrested Aghvan Hovsepyan, the country’s former Investigative Committee Chairman and Prosecutor General, on charges of embezzlement, bribery and money laundering.
Armenia’s Special Investigative Service (SIS) says that while Hovsepyan served as Prosecutor General (March 2004-Sept. 2013) and Investigative Committee Chairman (July 2014-June 2018), he accepted a 190 million AMD bribe and embezzled 800 million AMD worth of property when he participated in the management of several limited liability companies.
Hovsepyan is also charged with laundering 1.3 billion AMD.
The SIS states that further details will be published during the case’s preliminary investigation.