Former Armenian Deputy Prime Minister Armen Gevorgyan has been formally charged with money laundering involving approximately 4.92 billion drams (about $12.5 million). The preliminary investigation has concluded, and the case has been forwarded to the prosecutor for submission to court.

According to Armenia’s Anti-Corruption Committee, the criminal case covered multiple incidents and was supported by extensive evidence. Investigators allege that Gevorgyan, who held several high-ranking government positions from 2000 to 2018, including Chief of Staff to the President, Secretary of the National Security Council, and Minister of Territorial Administration, legalized illicit income by concealing the origin and true nature of unlawfully acquired property.

From 2004 to 2018, 39 properties in Yerevan and other regions—formally registered under the names of Gevorgyan’s close relatives but effectively under his control—were identified. The official contractual value of these properties was 751.3 million drams, while their actual market value at the time of acquisition was over 4.84 billion drams.

In addition, ten properties linked to Gevorgyan’s associates in the Czech Republic were found to have a total market value equivalent to 391.9 million drams ($920,000 USD).

The investigation also found that the financial flows through banking transactions significantly exceeded the declared incomes of Gevorgyan and his close affiliates.

Gevorgyan has been charged under Part 3, Points 1 and 3 of Article 190 of Armenia’s 2003 Criminal Code, which covers the legalization of particularly large-scale property acquired through criminal means.

The case has now been referred to the supervising prosecutor for confirmation and submission to the court.