Yerevan court extends detention of Prosperous Armenia party chairman Gagik Tsarukyan for 2 months

The Yerevan Criminal Court of First Instance has extended the detention period for the chairman of the Prosperous Armenia party, businessman Gagik Tsarukyan, for another two months, Report informs, citing Armenpress, based on statements by Tsarukyan's lawyer Emin Khachatryan to journalists.

"The court has extended Gagik Tsarukyan's detention for another two months. We will appeal this decision in the Court of Appeal," Khachatryan stated.

Gagik Tsarukyan was arrested in July of this year. Law enforcement agencies conducted searches at his private residence, as well as at several companies and other premises associated with him and his family. Tsarukyan was charged with fraud and money laundering on a particularly large scale. Later, charges of tax evasion were added to the indictments against him.