A motion has been submitted to the court to remand nine people in custody, including businessman and Tashir Group founder Samvel Karapetyan.

Armenia’s Investigative Committee announced this.

Karapetyan’s arrest had been reported earlier. Criminal prosecutions have been initiated against him and 35 others in a case involving particularly large-scale financial damage to Electric Networks of Armenia (ENA), embezzlement of entrusted property and money laundering.

According to the Investigative Committee, the total damage caused to the company exceeds AMD 64.585 billion.