Now it’s Multi Wellness turn: SRC alleges company concealed 2.6 billion drams in revenue

At the “Multi Wellness” sports and recreation complex, owned by Gagik Tsarukyan, leader of PAP, the State Revenue Committee of Armenia has uncovered concealed turnover of 2.6 billion drams, and criminal proceedings have been initiated.

According to information from the committee, “it has been established that in 2023-2024, the company failed to reflect in its tax calculations turnover of approximately 2.6 billion drams, as a result of which tax obligations totaling more than 832 million drams were not paid to the state budget.”