Thursday, 5 November 2026
Russian-Armenian billionaire Samvel Karapetyan has been placed in pre-trial detention for one month. He is the leader and founder of the opposition Strong Armenia party. Karapetyan and 35 associates were arrested on Wednesday. They are under investigation for allegedly causing property damage to the Electric Networks of Armenia. The damage is estimated at over 65 billion drams, or 180 million dollars. This company was owned by Karapetyan but is currently under state control.
Armenia * The founder and leader of the opposition Strong Armenia party, Russian–Armenian billionaire Samvel Karapetyan, has been placed in pre-trial detention for one month. Karapetyan and 35 of his associates were arrested on Wednesday as part of an investigation into the alleged infliction of property damage worth more than ֏65 billion ($180 million) on the Electric Networks of Armenia — the country’s primary electricity distributor, which was owned by Karapetyan but is currently under stat