Armenia’s Anti-Corruption Committee has launched a criminal case into the offshore business esof Artak Sargsyan, aka “SAS Artak”, the founder of the SAS supermarket chain in Armenia.
Ara Sadoyan, former administrative head of Yerevan’s Kentron district, and Alfred Sadoyan (son of Ara’s brother, Armenian Ambassador to Georgia Ruben Sadoyan), founded an offshore company in the British Virgin Islands years ago.
Armenian entrepreneur, former MP Artak Sargsyan, has set up companies abroad to support his business in Armenia.
On October 26, 2012, Armenia’s Haykakan Zhamanak daily newspaper, owned by the family of Prime Minister Nikol Pashinyan, published an English advertisement about the investments a group of British businessmen planned in Armenia's mining sector.