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Armenian Government Takes Over Another Gagik Tsarukyan Business, Places NOY Brandy Factory Under State Management
Armenia’s government has taken control of another company owned by opposition leader Gagik Tsarukyan, with an anti-corruption court ordering the shares of the Yerevan Ararat Brandy-Wine-Vodka Factory, one of the country’s best-known alcohol producers, transferred to the state while a sweeping illicit assets case against him moves forward. The Prosecutor General's Office said the Anti-Corruption Court approved its request to place the company's shares under state management, a
The Armenian Report Team
Jul 31
Armenian Prosecutors Drop One Charge Against Opposition Leader Gagik Tsarukyan as Criminal Case Continues
Photo Credit: Azatutyun.am Armenian prosecutors have dropped one of the criminal charges against jailed opposition leader and businessman Gagik Tsarukyan, easing part of the legal case that has unfolded during a broader government crackdown following the country's disputed parliamentary election. The charge of large-scale tax evasion was dismissed after prosecutors determined it had been brought unlawfully, according to Tsarukyan's attorney, Yerem Sargsyan. The Investigative
The Armenian Report Team
Jul 21
The World’s Tallest Jesus Statue Is Rising in Armenia, but Its Future Is Uncertain After the Armenian Government Jailed the Project’s Founder
The world’s tallest planned statue of Jesus Christ is almost coming alive in Yerevan, though questions remain over whether it will ever reach its intended home on Mount Hatis. A massive statue of Jesus Christ is taking shape in Yerevan, the monument designed to become the tallest depiction of Christ in the world. The Armenian Report visited the site, where the upper half of the sculpture now towers above the sculptor’s backyard. The statue is being built in sections before it
The Armenian Report Team
Jul 20
Armenian Government Takes Control of Gagik Tsarukyan's Ararat Cement
The Armenian government has taken control of Ararat Cement, the country's largest privately owned cement producer, after the Anti-Corruption Court ordered the company owned by billionaire businessman and opposition leader Gagik Tsarukyan to be placed under state management while prosecutors pursue its permanent confiscation. The ruling transfers the management and safekeeping of the company's shares to the Armenian government while prosecutors pursue a civil forfeiture case s
The Armenian Report Team
Jul 16
Armenian Court Orders Opposition Leader Gagik Tsarukyan Detained for Two Months in Fraud and Money Laundering Case
A court in Armenia has ordered opposition leader and businessman Gagik Tsarukyan held in pretrial detention for two months on charges of large-scale fraud and money laundering, escalating a case that has quickly become one of the country’s most politically charged legal battles. The ruling followed a day-long operation at Tsarukyan’s residence, where masked National Security Service officers carried out a search that lasted nearly 12 hours before taking him into custody. Inve
Lion Seized From Gagik Tsarukyan’s Estate Dies After Transfer to Yerevan Zoo
A lion seized from the estate of Armenian opposition leader Gagik Tsarukyan died shortly after being transferred to the Yerevan Zoo, where veterinarians determined the animal suffered from severe age-related health problems. The female lion was one of three lions and a tiger removed from Tsarukyan’s property Tuesday after investigators searched the estate as part of a criminal case into alleged illegal hunting. In a statement released Wednesday, the Yerevan Zoo said the lion
3 Lions, Tiger and 190 Taxidermy Animals Seized From Gagik Tsarukyan’s Estate
Armenian investigators said they seized three lions, a tiger and 190 taxidermy specimens from opposition leader Gagik Tsarukyan’s estate as part of a criminal case into alleged illegal hunting. The Investigative Committee said the search was carried out at a residence belonging to Tsarukyan in Kotayk province. The case is being handled by the committee’s regional investigative department. Authorities said the seized taxidermy specimens included different wild animals and bird
Armenian Opposition Leader Gagik Tsarukyan Detained on Fraud and Money Laundering Charges After Raids on More Than 70 Properties
Armenian opposition leader and businessman Gagik Tsarukyan was detained Monday after security forces searched his home and dozens of properties tied to his business empire, in one of the broadest law enforcement actions against a political figure since last month’s parliamentary elections. Tsarukyan, the leader of the Prosperous Armenia Party and the businessman behind Armenia’s massive Jesus Christ statue project, was taken into custody after investigators spent nearly 12 h
Armenian Court Orders Return of $95 Million Tsaghkadzor Land to State, Dealing Blow to Gagik Tsarukyan’s Olympic Committee
A court in Armenia has invalidated the ownership registration of a vast state-owned land parcel in the country's premier mountain resort town of Tsaghkadzor, dealing a significant legal setback to the Armenian National Olympic Committee and its longtime leader, businessman and politician Gagik Tsarukyan. The ruling comes just days after Tsarukyan's Prosperous Armenia Party failed to secure representation in Armenia's newly elected parliament, narrowly missing the 4% threshold
The Armenian Report Team
Jun 15
Gagik Tsarukyan Faces Tax Evasion Charges Days After Election Loss
Armenian authorities have launched a criminal case against opposition politician and businessman Gagik Tsarukyan, just days after his party narrowly failed to secure representation in parliament following the country's closely watched parliamentary elections. Armenia’s Prosecutor General’s Office announced on Monday that public criminal prosecution had been initiated against Tsarukyan under a provision of the Criminal Code related to tax evasion on an especially large scale.
Gagik Tsarukyan Leads Major Yerevan Rally, Says Armenians Have Become Disappointed After Eight Years of Pashinyan Rule
The opposition Prosperous Armenia Party (BHK) staged a major campaign rally in Yerevan on Thursday, as supporters marched from the Matenadaran manuscript repository to Freedom Square ahead of Armenia’s parliamentary elections on June 7. Addressing the crowd, BHK leader Gagik Tsarukyan sharply criticized Prime Minister Nikol Pashinyan and his government, arguing that public frustration has deepened after eight years of rule during economic hardship and political tensions. "Aft
Jesus Statue Builder Gagik Tsarukyan Enters the Race in Armenia’s 2026 Election
Gagik Tsarukyan, who is well known for his massive Jesus Christ project in Armenia, has announced that he and his political allies will take part in next year’s general elections. Tsarukyan emphasized the need for discussion and cooperation in Armenia, stating that no single person or party can solve the country’s problems alone. He said that experts from different fields will be involved and that members of the alliance do not necessarily need to belong to a political party
The Armenian Report Team
Oct 13, 2025
Tsarukyan, Creator of Armenia’s Giant Jesus Statue, Says It Will Be a New Wonder of the World
A massive project of Jesus Christ in Armenia is nearing completion, sparking both admiration and controversy. Gagik Tsarukyan, a wealthy...
The Armenian Report Team
Aug 26, 2024
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