YEREVAN. – Armenian police on Monday decided to involve businessman Ashot Sukiasyan as an accused in a criminal case instituted back in 2012.

“Since we have no information about his whereabouts, he has been declared wanted. Arrest was selected as a preventive measure,” head of police press service told Armenian News-NEWS.am.

Ashot Sukiasyan is charged with a large-scale fraud, large-scale damage and money laundering.

According to the publication of hetq.am website, the businessman is the owner of Cyprus-registered offshore company WLISPERA HOLDINGS LIMITED. Others co-owners are Prime Minister Tigran Sargsyan, the head of the Ararat Diocese, Archbishop Navasard Kchoyan. This company has a direct relation to the bankruptcy of businessman Pailak Hayrapetyan.