Former Multi Group Director Arrested in Armenian Fraud Probe
Former Director of Gagik Tsarukyan's Multi Group Company Arrested in Fraud Probe
Police in Armenia have arrested Sedrak Arustamyan, former director of Multi Group, and Artur Dallakyan, the company's current director, on fraud and money laundering charges. Multi Group is owned by Gagik Tsarukyan, a prominent Armenian businessman and former member of parliament. The arrests are part of an ongoing investigation into financial irregularities at the company. The case marks another development in scrutiny of major Armenian business figures and their operations. Tsarukyan has faced increased legal and political pressure in recent years. Authorities have not yet released additional details about the specific allegations or the scope of the investigation.
