ARMENPRESS. Former President Serzh Sargsyan’s assets have been frozen amid an ongoing investigation, authorities said.
Sargsyan is suspected in abuse of power and embezzlement of nearly half a billion drams during his tenure as president through a businessman Barsegh Beglaryan, who in turn is also facing criminal charges.
The assets of Barsegh Beglaryan, the head of FLASH, a petroleum company based in Armenia, were also frozen.
Authorities said they have frozen the assets equal to the amount of the suspected damages inflicted.
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Edited and translated by Stepan Kocharyan
