Former Armenian Economy Minister Vahan Kerobyan has been arrested on charges of participating in a criminal organization and money laundering.

Armenia’s Investigative Committee, in a statement today, claims the criminal organization used forged documents to steal seventy-three hectares of Yerevan municipal land between 2008 and 2014.

Kerobyan, who resigned as minister in February 2024, is one of seven individuals arrested in the case.

Keropyan, at the time, was charged with “abuse of official power” and placed under two months’ house arrest. Seven Ministry of Economy employees were also arrested on similar charges following a probe into a government tender process for services designed for the Public Investment Projects Bank.