Former CEO of "Multi Group"concern Sedrak Arustamyan detained

ArmInfo. Sedrak Arustamyan, the former general director of the "Multi Group" concern, has been detained, as noted in a statement issued by the  Investigative Committee of Armenia.

The agency notes that the Investigative Committee is investigating a criminal case opened against G.T. and other individuals involving particularly large sums  of money equivalent to 8 billion, 126 million, 946,460 drams, or  $21,072,827 USD, as well as apparent cases of money laundering.

Based on the available evidence, a criminal case has been initiated  against the former general director of the concern and chairman of  the company's board of directors, S.A., and company director A.D.  under Article 46-255, part 3, clause 3 (aiding and abetting fraud on  an especially large scale) and Article 46-296, part 3, clause 3  (aiding and abetting money laundering on an especially large scale)  of the Criminal Code of the Republic of Armenia.

On August 5, 2026, pursuant to decisions by the body conducting the  proceedings, S.A. and A.D. were detained for the purpose of bringing  them before the court.