Multi Group Concern Director Artur Dallakyan has been placed in pretrial detention for two months by court order.
Yerevan’s Court of General Jurisdiction granted the investigators’ motion and selected detention as the preventive measure against Dallakyan, Factor.am reported.
Earlier, the Investigative Committee announced that it is examining criminal proceedings launched over the alleged fraudulent misappropriation of property and funds worth 21,072,827 U.S. dollars, equivalent to 8,126,946,460 Armenian drams, by Gagik Tsarukyan and other individuals, as well as the alleged laundering of those assets.
Based on sufficient evidence obtained during the investigation, public criminal prosecution has been initiated against the concern’s former Director General and Chairman of the Board, S.A. (Sedrak Arustamyan — editor’s note), and the company’s director, A.D. (Artur Dallakyan — editor’s note). They have been charged under Article 46-255, Part 3, Clause 3 of the Criminal Code (complicity in fraud on an especially large scale) and Article 46-296, Part 3, Clause 3 (complicity in money laundering on an especially large scale).
The court has also ordered the two-month pretrial detention of Sedrak Arustamyan, the former Director General of the Multi Group concern.
