Prosecution Initiates Criminal Proceedings Against ANIF Director

The Prosecutor's Office has initiated public criminal proceedings against a number of officials. This was announced by the Republic of Armenia Prosecutor's Office in response to a request from Civilnet.

According to the response, public criminal proceedings have been initiated against Davit Papazyan, the director of the Armenian National Interests Fund (ANIF) and the chairman of the board of SFW LLC, under the second part of Article 457 of the Criminal Code (forgery of documents, stamps, seals, or forms), the second part of point 2 of Article 277 (abuse of official power in the private sector), and the second and third points of the third part of Article 296 (money laundering).

Public criminal proceedings have also been initiated against the director of SFW LLC under the second and third points of the third part of Article 296 (money laundering), as well as against the director of the 'Entrepreneur + State Anti-Crisis Investments Manager' LLC and the manager of the non-public specialized contractual investment fund 'Entrepreneur + State Anti-Crisis Investments' under the second part of Article 457 and the second part of point 2 of Article 277 (forgery of documents, stamps, seals, or forms).