On November 1, 2023, the prosecutor initiated a public criminal prosecution against K.V., a citizen of the Swiss Confederation and the Republic of Armenia, for legalizing property obtained through illegal means (money laundering).

In the criminal proceedings, it was found that K.V., being the real beneficiary of the R.A. non-resident organization registered in the Republic of Cyprus, acquired and managed 12.5% of the shares of the "Zangezuri copper-molybdenum combine" JSC company through the said organization on July 23, 2018.

The mentioned 12.5 percent shares obtained through criminal means belonged to M.M., who held the post of R.A. Ambassador Extraordinary and Plenipotentiary to the Holy See from 2013–2018 and was registered under the "Zangezur Mining" LLC company.

The purpose of acquiring shares by K.V. was to hide their criminal origin and true nature.

In particular, using a previously developed criminal scheme, an unprofitable contract was signed between the company owned by M. M. and the "Zangezuri Copper-Molybdenum Combine" JSC company. As a result, the "Zangezur copper-molybdenum combine" JSC company paid a massive amount of interest to the company owned by M.M.

Then, at the expense of the above-mentioned financial means of criminal origin, 12.5% of the shares of the "Zangezuri copper-molybdenum combine" JSC company were acquired through the company owned by MM.

In 2018, M. M. reached an agreement with K.V. to hide the criminal origin, ownership, and method of management of the acquisition of 12.5% shares of "Zangezur Copper and Molybdenum Combine" JSC company, registered under the name of "Zangezur Mining" LLC company, for transferring on advantageous terms.

As a result, K.V., being informed that 12.5 percent of the shares of the "Zangezuri copper-molybdenum combine" JSC company were transferred to the company criminally belonging to M.M. to become the actual owner of these shares under clearly advantageous conditions for him, while hiding and falsifying the criminal origin, ownership, and method of management of that property, gave it the appearance of property obtained as a result of legal civil transactions.

With 1 billion drams and 13 million U.S. dollars, K. V. acquired and managed the criminally obtained huge property worth at least 14 billion, 526 million, and 300 thousand drams through an offshore organization.

During the preliminary investigation, it was not possible to find out the location of K.V.

A motion was filed with the Anti-Corruption Court to apply the detention of K.V. as a preventive measure.

Notification: The person accused of a crime is considered innocent until his guilt is proven by the procedure established by the Code of Criminal Procedure or by a legally binding court verdict.