Armenia’s third president, Serzh Sargsyan, has been formally charged with accepting a bribe totaling nearly $3 million, according to a statement released by the Anti-Corruption Committee of Armenia.

The investigation alleges that in 2008, while serving as President of Armenia, Sargsyan used his official position to prevent the sale of a 100% stake in a limited liability company (LLC) to a foreign entity. In exchange, he allegedly received a bribe of $2,985,000 from the company’s director. The scheme was reportedly facilitated by the then-senior assistant to the Prime Minister and several intermediaries.

According to the findings, $2,660,000 of the bribe was allegedly delivered to Sargsyan in cash on February 20, 2008. The remaining amount was reportedly transferred through associated individuals, further implicating others in the operation.

The Anti-Corruption Committee confirmed that the indictment phase of Sargsyan’s case is complete and has been submitted to the supervising prosecutor for trial approval.

Although Sargsyan’s name is not explicitly stated in the official statement, multiple reports confirm that the individual in question is indeed Armenia's third president, who served from 2008 to 2018.

This marks a significant development in Armenia’s broader anti-corruption campaign, which has included separate cases involving Sargsyan, all of which he has dismissed as politically motivated.