The Mayor Accused of Money Laundering is Gagik Beglaryan

The National Security Service of Armenia has just released a statement indicating that the former mayor of Yerevan has been accused of money laundering. The events described in the NSS's statement took place in 2009, when Gagik Beglaryan was the mayor of Yerevan.

According to the statement, on May 27, 2009, and May 6, 2009, during formally convened sessions of the Yerevan Council, they discussed and approved the transfer of three real estate properties: a 171.9 sq. m property located at 40a Mashtots Ave., a 103.1 sq. m property located at 129 Charents St., and a 107.9 sq. m property located at 366 Vardanants St. as donations, which the latter acquired ownership rights to. Subsequently, on February 2, 2011, February 10, 2011, and June 1, 2011, in accordance with a prior agreement, this property was sold for a nominal amount to relatives or associated persons of the individual occupying the position of the mayor.

As a result of these actions, the damage inflicted amounted to 235 million AMD. It should be noted that Gagik Beglaryan has been wanted since March 24 of this year. He has been accused of embezzling state-owned real estate of particularly large value. His brother, Yuri Beglaryan, has also been on the wanted list since June 3.