
Armenia
Yerevan and Karapetyan’s legal team continue dispute over Electric Networks of Armenia
The Armenian government and the lawyers of Russian–Armenian tycoon Samvel Karapetyan offered contradicting statements regarding the same ruling.
The Armenian government and the lawyers of Russian–Armenian tycoon Samvel Karapetyan offered contradicting statements regarding the same ruling.
As Armenia’s government and church clash, a bitter power struggle is unfolding marked by arrests, outrage, and increasingly crass online attacks.
The court’s decision is reportedly subject to mandatory execution.
The Electric Networks of Armenia (ENA) is run by detained Russian–Armenian tycoon Samvel Karapetyan’s Tashir Group.
The detained billionaire has been charged with money laundering through several companies.
Karapetyan has been jailed on charges of making calls for the overthrow of the government.
The raid came days after parliament passed a bill allowing it to nationalise the company.