David Papazian, the former head of the Armenian National Interests Fund (ANIF) charged with money laundering and abuse of power violations., has accused Armenian PM Nikol Pashinyan and his administration for mismanaging the foreign direct investment fund that was dissolved in 2024 under a cloud of financial scandals.

Papazian, in a Facebook post today, said that he will not be held responsible “for the shameful mistakes and shortcomings of him (Pashinyan-ed) and his government, which thwarted some of the programs developed by ANIF's founding team."

Papazian’s whereabouts are unknown, and Armenia has issued an international arrest warrant for the former ANIF director.

In March 2025, Hetq revealed that on May 4, 2023, an ANIF subsidiary, invested AMD 1.5 billion (around US$3.8 million) in a newly established company, CFW CJSC. The company received the funds just eight days after its creation.

Davit Papazian is also in the news, this time internationally, given reports that he chairs the controversial Gaza Humanitarian Fund (GHF).

Hetq, in March 2025, reported that ANIF’s Moscow branch  received an allocation of AMD 2.7 billion ($6.9m) from ANIF central  between 2020 and 2024, and that the fund’s current management had no information about the projects implemented by the branch.