Armenia, under new leadership, re-opens Panama Papers case – ICIJ

Armenia has re-opened a Panama Papers-related probe into a powerful political figure months after a new government came into office on the heels of a peaceful revolution.

Armenia’s Special Investigative Service (SIS) is investigating Mihran Poghosyan, 42, over his interests in three offshore companies, according to correspondence seen by ICIJ. Major General Poghosyan served as Armenia’s Chief Compulsory Enforcement Officer from 2008 to 2016, overseeing the enforcement of court rulings across the country. He was elected to parliament in 2017.

Under Armenian law, it is illegal for government officials to manage overseas business. SIS is also investigating possible money laundering, according to the correspondence.

The SIS launched an investigation into Poghosyan after ICIJ’s media partner Hetq published the story in April 2016. Hetq reported that Poghosyan did not declare his shares in the offshore companies, as required by law.