The court has ordered Prosperous Armenia Party leader Gagik Tsarukyan held in pre-trial detention for two months on charges of particularly large-scale fraud and money laundering. Investigators also report that another alleged member of the group has been remanded in custody, while a third person has been detained.

Prosperous Armenia Party leader Gagik Tsarukyan has been remanded in custody on charges of particularly large-scale fraud and money laundering. The court granted a motion to hold him in pre-trial detention for two months, according to 1lurer.am.

Armenia's Investigative Committee said another alleged member of the group involved in the case has also been remanded in custody, while one more individual has been detained.

The committee previously said it had obtained information indicating that, between 2022 and 2024, several individuals allegedly carried out particularly large-scale fraud and money laundering under Tsarukyan's direction.

As part of more than a dozen criminal proceedings, investigators conducted simultaneous searches at more than 70 locations the previous day. Following the operation, Tsarukyan and another alleged member of the group were detained on the same charges.