Armenian ex-president faces new charges: Large-scale embezzlement and money laundering

Former Armenian President Serzh Sargsyan has been charged with a new offense, according to the General Prosecutor's Office.

Sargsyan is charged with 18 episodes of embezzlement on a particularly large scale, two episodes of money laundering on a particularly large scale and three episodes of aiding and abetting in the criminal proceedings initiated over the illegal alienation of lands adjacent to Isakov Avenue and Yerablur military pantheon, Caliber.Az reports, citing Armenian media.

Sargsyan was given a custodial sentence as a measure of restraint.

Let us remind that Sargsyan is also accused of organizing the embezzlement of about half a billion drams from the state budget. He was acquitted by the decision of the court of first instance, but the Prosecutor's Office filed an appeal.

By Khagan Isayev