Armenia Investigates Panama Offshore Scandal Linked to Former MP

The International Consortium of Investigative Journalists (ICIJ) has reported that months after the Velvet Revolution, the new Armenian government has initiated an investigation into the Panama offshore scandal involving former MP Mihran Poghosyan from the Republican Party.

The Special Investigation Service is currently examining Poghosyan's connections to three offshore companies, while also investigating potential money laundering cases. In 2016, the media outlet Hetq revealed in its publication titled "The Armenian General Who Conquered Panama: Mihran Poghosyan's Offshore Companies and Accounts in Swiss Banks" that Mihran Poghosyan, then the head of the State Enforcement Service and a major general of justice, had companies registered in Panama's offshore zone.

According to the disclosed documents, the head of the State Enforcement Service is a shareholder in three companies registered in Panama: Sigtem Real Estates Incorporated, Hopkinten Trading Incorporated, and BANGIO INVEST S.A.