A Yerevan court has extended Gagik Tsarukyan`s arrest for another three months

ArmInfo. Judge Manvel Shahverdyan of the Yerevan Criminal Court of First Instance has decided to extend the arrest of Prosperous Armenia Party (PAP) leader Gagik Tsarukyan for another three months.

"The court, after hearing the parties, decided to extend Gagik Tsarukyan's arrest for three months," Shahverdyan announced following the hearing. Thus, the court granted the prosecution's motion to extend the businessman's arrest.

As a reminder, the investigation accuses Gagik Tsarukyan of crimes under several articles of the Criminal Code relating to fraud, extortion, and money laundering. The head of the Multi Group concern, Aleksandr Sarkissian, is also charged in this case. Sedrak Arustamyan and 7 others. The Investigative Committee believes that Tsarukyan and other individuals falsified customs declarations and documents, resulting in major damage to the state or involved entities (including episodes of theft of property worth approximately 8.1 billion drams). On July 7, 2026, a Yerevan court arrested Gagik Tsarukyan for 2 months. The politician's defense attempted to appeal this decision. In October 2026, the Compulsory Enforcement Service of Armenia, based on the decisions of the Anti-Corruption Court, imposed a large-scale seizure of property and assets associated with Tsarukyan. About 29 real estate properties, 33 vehicles, and 488 units of movable property were seized. A separate ban on change of ownership was imposed on Tsarukyan's properties in the coastal area of Lake Sevan. Seizures have also been placed on Tsarukyan's shares in 27 different companies, as well as on the shares and stocks of 40 legal entities that are associated with him.