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Narek Karapetyan, a parliamentary candidate for the Strong Armenia party in the 2026 parliamentary elections, failed to disclose his stake in “Mospromexploitation” LLC, a Moscow-based company, in his declaration submitted to the Central Electoral Commission.
It should be recalled that weeks ago, the Fact Investigation Platform published another investigation presenting the original document, digitally signed and issued by a Russian state agency indicating Karapetyan’s Russian citizenship.
The document retrieved from the Russian Register of Legal Entities reflected Karapetyan’s stake in “Mospromexploitation” LLC as of May 19, 2026, according to which Karapetyan has held a stake in the LLC since August 18, 2020.
However, there is no mention of this company in the declaration submitted to the Central Electoral Commission of Armenia. It should be noted that the CEC declaration was required to include information about Karapetyan’s assets and income for the past year, from April 1, 2025, to April 1, 2026.
In fact, according to the aforementioned document from the Russian Register of Legal Entities, during the period subject to CEC declaration, Karapetyan held a stake in a foreign company, yet this information was not reflected in his declaration.
Notably, just one day before the end of the reporting period, on March 31, 2026, Karapetyan terminated his participation in another Russian company, VOIG, in which he held a 20% stake valued at 4.4 million rubles.
Court cases in Moscow over unpaid utility bills and taxes
The Fact Investigation Platform has established that Narek Karapetyan is listed as a defendant in two separate cases in Moscow courts (documents confirming this are available – ed.). Specifically, the court cases were initiated over his failure to pay utility bills and taxes for his Moscow apartment.
Karapetyan’s Moscow apartment is reflected in his CEC declaration. It is located at 18 Namyotkina Street, Apartment 105 in the Russian capital and, according to the declaration, measures 128.4 square meters.
Documents at our disposal indicate that one of the cases was filed very recently, on May 20, 2026. As the files read, Karapetyan failed to pay utility bills for that apartment. As of the publication of this article, the litigation remains pending.
The second case was filed in court in September 2025. It is also ongoing; the reason is Karapetyan’s failure to pay taxes.
It should be noted that in his declaration submitted to the CEC, Karapetyan stated possessing 16.5 million AMD, 1.8 million USD, and 2.1 million EUR. Additionally, he declared a salary of 650,000 AMD and a donation of 56.2 million AMD from a person identified as Artur Hovagimyan.
Thus, according to the new documents, Narek Karapetyan failed to disclose to the CEC his stake in a Moscow-based company. At the same time, court cases for tax and utility debts remain active in Moscow.
Nane Manasyan
Roman Udot
