Investigation Against Samvel Karapetyan Concluded

The Investigation Committee of Armenia reports that the preliminary investigation concerning Samvel Karapetyan, owner of the "Armenian Electric Networks" LLC, has been completed. The investigation targeted various individuals, including V. T. and A. Kh., who led the activities of companies owned by S. K., for evasion of taxes in significant amounts and for illegal activities involving fraud and money laundering.

During the investigation, it was revealed that S. K., in collaboration with K. D., the chairperson of the board of directors of "Armenian Electric Networks" LLC, and other executives, organized efforts to evade taxes amounting to 1 billion 841 million 330 thousand 78 AMD from 2020 to 2023. By exploiting their positions of authority, they orchestrated schemes to unlawfully obtain benefits and disguise illegal activities, resulting in significant financial theft totaling 4 billion 972 million 955 thousand 628 AMD.

Additionally, S. K. publicly called for the overthrow of the government on June 17, 2025. Consequently, public criminal prosecution has been initiated against S. K. under multiple articles of the Criminal Code of Armenia. Charges include organization of tax evasion, large-scale fraud, and public calls to seize power.

Moreover, A. Kh. and V. T. have also been charged with aiding tax evasion, fraud, and money laundering, facing similar allegations as S. K. A range of preventive measures, including house arrest and bail, have been imposed on the accused.

The case has been forwarded to the supervising prosecutor with a recommendation for submission to court for prosecution.