Armenian sports club under criminal investigation for concealed revenues

Armenia’s Investigative Committee has launched a criminal investigation into a company operating a sports club, accusing it of concealing actual sales turnover and failing to pay significant amounts in tax.

The Chief Directorate is handling the case for Investigating Economic Crimes and Smuggling under the Investigative Committee of the Republic of Armenia, Caliber.Az reports, citing Armenian media.

During the preliminary investigation, extensive procedural and evidentiary measures were carried out.

As a result, in July 2025 alone, the company reimbursed the state for damages amounting to 250 million drams (approximately $652,000).

The investigation remains ongoing.

By Aghakazim Guliyev