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09:48, 8 July 2025

Security forces conduct searches in "Electric Networks of Armenia"

Security officials came to search the offices of the Electric Networks of Armenia company, which belongs to the arrested businessman Samvel Karapetyan, and the house of the chairman of the board of directors of the company, Narek Karapetyan.

As "Kavkazsky Uzel" wrote, on July 3, 65 members of the Armenian parliament supported the bill allowing the nationalization of the Electric Networks of Armenia company, which belongs to the arrested businessman Samvel Karapetyan. Earlier, Pashinyan threatened to nationalize the company. Electric Networks of Armenia CJSC stated that it does not know for what damage the head of government Pashinyan promised to nationalize the enterprise. On July 2, searches were conducted in the Yerevan office of the Tashir Group company, which belongs to the arrested businessman Samvel Karapetyan. The reason for the searches was a criminal case on tax evasion and money laundering, the Investigative Committee of Armenia stated.

The owner of Tashir Group, Samvel Karapetyan, has been accused of calling for the overthrow of the constitutional order. Before his arrest, Samvel Karapetyan expressed support for the Armenian Apostolic Church after Armenian Prime Minister Nikol Pashinyan harshly criticized the church at a government meeting on May 29 and responded to Archbishop Arshak Khachatryan's objections with insults on Facebook*. Armenian politicians and church representatives demanded that Pashinyan apologize for insulting the church, according to a report prepared by the "Caucasian Knot" "The Main Thing About Political Arrests in Armenia in June 2025".

Law enforcement officers have been in the office of the Electric Networks of Armenia (ENA) company since early morning, Armlur.am reported today.

A representative of the company's press service said that he was not aware of the reasons for what was happening, but confirmed that law enforcement officers have been in the building since early morning and are not allowing employees into the main office, the publication says.

Only the hotline employees and Acting General Director David Kazinyan are currently in the central office of the Electric Networks of Armenia company, ENA press secretary Natalya Sarjanyan reported.

"The police in masks were not even allowed to bring food for the canteen,” News.Am quoted her as saying.

According to the agency, security forces also came to the Musaler branch of the company.

Also, a search has been underway since the morning at the home of the chairman of the board of directors of ESA Narek Karapetyan, the son of Karen Karapetyan, and nephew Samvel Karapetyan, Aysor.Am reports.

The Investigative Committee stated that the investigative actions are being carried out “within the framework of criminal proceedings initiated by the Main Department for the Investigation of Economic Crimes and Smuggling and the Investigative Department of the city of Yerevan,” News.Am reported.

Samvel Karapetyan is ranked 44th in the Forbes rating of Russian billionaires, with a fortune estimated at $3.2 billion. The billionaire owns a group of companies "Tashir" and the "Rio" shopping mall chain.

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Translated automatically via Google translate from https://www.kavkaz-uzel.eu/articles/412888

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