Data obtained by the General Department for Investigation of Economic Crimes and Smuggling of the Investigative Committee of Armenia indicates that Gagik Tsarukyan organized large-scale fraud and money laundering between 2022 and 2024.
According to the criminal proceedings, members of a criminal group organized by Tsarukyan established legal entities jointly with citizens of the Islamic Republic of Iran, under the guise of developing Iran-Armenia trade relations. Subsequently, under the pretext of creating a logistics cargo transportation link between Iran and Armenia, they acquired and imported 52 units of vehicles, equipment, fuel, and other goods from companies operating in the Islamic Republic of Iran through deception and abuse of trust.
To conceal these imports, customs declarations and other official documents were falsified, resulting in the embezzlement of property valued at approximately 8 billion 126 million 946 thousand 460 AMD, equivalent to 21 million 72 thousand 827 US dollars. Members of the criminal group then legalized these assets by falsifying import documents and selling some of them based on forged documents, thereby concealing their illicit origin and mixing the proceeds from the sales with their other incomes.
Furthermore, G.Ts., being the actual beneficiary of an LLC, conspired with R.K., a fuel importer, to organize and lead the fraudulent appropriation of 934 thousand 465 US dollars from Y.I., a citizen of the Islamic Republic of Iran. These funds were also integrated into the legitimate circulation of the LLC he managed, thereby concealing their criminal origin.
