Armenia’s Chief Judicial Enforcer Resigns after Panama Papers Revelations

Armenia's former Chief Judicial Enforcer, Mihran Poghosyan
Armenia's Chief Judicial Enforcer Mihran Poghosyan

Armenia’s Chief Judicial Enforcer Mihran Poghosyan

YEREVAN—Armenia’s Chief compulsory enforcement officer—the country’s judicial enforcer–Mihran Poghosyan has resigned after his name appeared in the recently released trove of documents, known as the Panama Papers, revealed that he had offshore holdings.

Earlier this month, the International Consortium of Investigative Journalists and the German Sueddeutsche Zeitung received 11.5 million leaked documents from the Panama-based law firm Mossack Fonseca, which for decades facilitated the creation of offshore holdings to hide the wealth of the world’s elite, among them leaders and high-level politicians and businesspeople.

One of the first reports published by ICIJ was the revelation that Azerbaijan’s President Ilham Aliyev’s family had stashed billions of dollars in offshore companies with the help of Mossack Fonseca.

Yerevan-based hetq.am, an ICIJ partner publication, first published the findings about Poghosyan’s offshore holdings, prompting a police investigation into allegations revealed in the Panama Papers.

In a brief announcement issued by the Service for Mandatory Execution of Judicial Acts, which works within Armenia’s Justice Ministry, Poghosyan, who has publicly denied the allegations, announced his resignation.

“My name has recently surfaced in the publications on Panama offshores. I regret that my name appeared along with Azerbaijani President Ilham Aliyev’s family, which has really appropriated millions of dollars. I find it unacceptable that I might serve a reason for any civilizational parallels between my country and authoritarian Azerbaijan. That’s why I have filed my resignation today. I’ll publicly respond to the publications of the Panama Papers without any state levers at my disposal,” Poghosyan said in his announcement.

Hetq.am’s investigation revealed that Poghoyan has the exclusive right to manage Swiss bank accounts of two of those firms. The investigation also traced their links with a Yerevan-based real estate agency that was awarded a major Armenian government contract last year.

In another SMEJA announcement on April 7, Poghosyan said that revelation “does not correspond to reality.” The agency’s press office even accused “some media outlets” of waging a smear campaign against Poghosyan.

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5 Comments

  1. zivart said:

    It is so disappointing, to say the least, to find out that most of our bureaucrats and the leaders of our beloved Homeland are crooks. While they stash in offshore accounts millions of dollars and drive around in their 2016 BMW’s and Mercedes luxury cars our solders, gamavors and everybody else is fighting with weapons from 1989. And they have the audacity to ask financial help to help the war effort.
    There is enough money in those accounts to finance our war. They should be stripped of them and kicked out of their positions.

    • Raffi said:

      Their pictures should be displayed all over Armenia and tagged as criminals against the people of Armenia.

  2. Raffi said:

    While there are people who have NO bread, they steal their own people, all of them should be hanged from their balls, that include the corrupt Aliyev and his corrupt families,

  3. Saaten Maagar said:

    Before blaming politicians, most of whom are crooks by nature, one should look at our clergy who have the audacity to preach their BS from their Bently, while the head of our church sits idly by knowing full well what is going on or maybe cooperating with those same clergy to replace the very few ones that do not play their game.
    Instead of asking the public for more money to build new churches why not join the rest of the normal public who are collecting money to buy weapons needed to fight the Azeris, who would massacre the clergy first if they get a chance.

  4. Samuel Darbinian said:

    The revelation of Armenia’s cheif compulsory enforcement officer’s scandalious act, is a tip of iceberg corruption in Armenia, which started expansions of corruption like infection of cancer from 2008 PM banker &secret society member Tigran Sarkisian coming to the office.
    In this very sencitive & difficult time, Armenia’s blockade & with its arch enemies, which their primery goal is to destroy Armenia’s economy, a group of incapable corrupt band unlawfully control & playing with destiny of nation, instead of serving their own people, stealing, selling national wealth & destroying people belonging, Armenia’s independence & freedom has been undermined on the hands of governing secret society organization.
    It is late & urgent for all Armenian’s stand up as one body clean up our interiors & root out all cancerous corruption’ for survival & prosper of Armenia,

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