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Raids continue across jailed billionaire Karapetyan’s businesses: THIS WEEK IN BUSINESS

  • Law enforcement raided 51 locations connected to Samvel Karapetyan as part of a probe into alleged embezzlement, tax evasion, and money laundering across the jailed billionaire’s business empire. Earlier, parliament passed a bill allowing the government to seize control of Armenia’s main power distributor, which Karapetyan owns.
  • Meet the visionaries behind Firebird, Armenia’s $500M AI supercomputer

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