Armenia’s Anti-Corruption Committee has launched a criminal probe based on an October 6 article revealing that the family of former Armenian Minister of Health Arsen Torosyan has launched a new fish farm in Ghazaravan, a village in Armenia’s Aragatzotn Province.

Torosyan’s father is one of the shareholders of Fish Farm Management, but the business is locally called "Arsen Torosyan's fish farm".

The probe is based on Article 444 of Armenia’s Criminal Code (submitting false data in a financial declaration, concealing data to be declared or not submitting a declaration by a person obliged to submit a declaration).

Fish Farm Management was established in May 2021 by Shavarsh Grigoryan and his wife Edita Guroglyan.

Grigoryan held the position of Deputy Minister of Health when Arsen Torosyan served as a minister. Grigoryan was fired from the post in December 2020. He then served as an adviser to the president of Armenia’s State Revenue Committee from October 2021 until April 2022.

Since October 19, 2021, 80% of the company's share belongs to Arsen Torosyan's father, Gevorg Torosyan. Sargis Tadevosyan, father of Razmik Tadevosyan (an advisor to the Aragatzotn Governor) owns the other 20%. Sargis Tadevosyan also serves as the director of Fish Farm Management.

See: Family of Former Armenian Health Minister’s Foray into Fish Farming