Waiting for them to take the Jesus statue hostage
An Armenian court on Monday ordered the seizure of a large land plot in the ski resort town of Tsaghkadzor from the country’s National Olympic Committee, which is headed by Gagik Tsarukyan, a business tycoon and opposition leader.
The ruling canceled a 2005 agreement under which the Olympic Committee acquired the land from the state, the same year Tsarukyan became its chairman. Authorities now estimate the property’s value at approximately $100 million; the committee said it will appeal the decision.
Tsaghkadzor, located in Kotayk province, where Tsarukyan originates and conducts much of his business activity, has long been one of Armenia’s main tourist destinations. The town hosts a major sports complex known for its alpine skiing slopes, multiple ski lifts, indoor training facilities, and swimming pools. Much of this has been under the Olympic Committee’s control for decades.
The move appears to be part of a broader crackdown on Tsarukyan, a former arm-wrestler turned oligarch who has been re-elected as the Olympic Committee’s chairman numerous times since 2005, effectively integrating it into his wider business empire. His holdings include a major brewery, a pharmaceuticals company, car dealerships, a spirits manufacturer, and other businesses.
A veteran political figure, even before the 2018 revolution, Tsarukyan ran in this year’s parliamentary election with his Prosperous Armenia party on an opposition platform. The party narrowly failed to pass the 4% threshold required for parliamentary representation, missing it by several hundred votes, and has since challenged the results in court.
Weeks before the election, Prime Minister Nikol Pashinyan announced plans to nationalize the Ararat Cement factory, describing it as the “backbone of Tsarukyan’s business empire.” On Tuesday, Armenia’s Prosecutor General’s Office also moved to revoke ownership of the Golden Key health center from Ararat Cement, citing alleged irregularities in its privatization more than two decades ago.
Two days after the vote, while ballots were being recounted at hundreds of polling stations at Prosperous Armenia’s request, Tsarukyan was barred from leaving the country after being denied boarding a flight at Yerevan’s airport. His party claimed he had been planning a short family trip. Shortly after the incident became public, authorities announced criminal charges against him for large-scale tax evasion.
Two other opposition figures, former president Robert Kocharyan and Strong Armenia campaign leader Narek Karapetyan, were also prevented from leaving the country last week. Kocharyan remains under investigation in connection with the deadly 2008 post-election crackdown, while Karapetyan faces charges related to allegedly failing to disclose Russian citizenship when registering for the election, which he denies.