ArmInfo.Due to the lack of crime components, the Special Investigation Service of Armenia has dismissed the case on the 'offshore activities' of Mihran Poghosyan, the ex-head of the Judicial Acts Compulsory Enforcement Service (JACES), Poghosyan's Office reports.
According to ArmInfo's information, the ex-head of JACES will run in the parliamentary elections on the ranked list of the Republican Party of Armenia in the first constituency of Yerevan (Avan- Kanaker-Zeytun).
Earlier the the Special Investigation Service reported that the criminal case was instituted based on Article 310 of the Armenian Criminal Code (Illegal participation in entrepreneurial activity. Participation of a state official, despite the legal ban, in the founding, management of an entrepreneurial organization, personally or through proxy, when these actions involve granting this organization privileges and advantages, is punished with deprivation of the right to hold certain posts or practice certain activities for up to 5 years, and a fine in the amount of 200 to 400 minimal salaries, or with arrest for the term of 1- 3 months, or with imprisonment for the term of up to 2 years).
To note, on April 3, the International Consortium of Investigative Journalists (ICIJ) and the Organized Crime and Corruption Reporting Project (OCCRP) published the findings of a survey that investigated the global offshore network and featured nearly 11.5 million documents. The documents reveal the scales of "shadow economy" involving the leading world politicians and businessmen. According to these documents, Mihran Poghosyan is the shareholder of three companies registered in Panama: Sigtem Real Estates Incorporated, Hopkinten Trading Incorporated, BANGIO INVEST S.A. So, Poghosyan conducts business through the companies registered in Panama and conceals the income.