Based on 4 April 2016 publications of mass media, on 26 April 2016 a criminal case was initiated in Special Investigation Service under Article 310 of RA Criminal Code on the incident of unlawful participation in entrepreneur activity through violation of the limitations stated by the law during 2008-2016 by a functionary performing special state service in the service providing RA MJ CEJD.
With the testimonies of the workers of companies listed in media as well as the workers of other companies having cooperation with RA MJ CEJD and as a result of investigative actions taken place during the preliminary investigation, the circumstance of the former general compulsory officer of RA-Mihran Pogosyan's unlawful participation in any entrepreneur activity of any company acting in the Republic of Armenia.
Taking into consideration that according to media reports Mihran Poghosyan managed the bank accounts of ''Sigtem real estate incorporated'' and ''Hopkinten trading incorporated'' companies in SA (Suise) LCT Swiss banks registered in the Republic of Panama, it was necessary to carry out corresponding investigations in the mentioned countries which can only be performed within the scope of agreement signed between the country and the Republic of Armenia to give legal assistance. Though the Republic of Armenia didn't sign such agreement with the Republic of Panama and Swiss Confederation, nevertheless based on the interests of the investigation, to ensure complete preliminary investigation, motions were filed regarding the criminal case to ask for legal assistance which were sent to the competent bodies of the Republic of Panama and Swiss Confederation.
A writ was received from Swiss Confederation that the motions couldn't be satisfied, but the Republic of Panama didn't send any answer during 8 month preliminary investigation.
With the evidence obtained as a result of judicial and investigative actions executed during the preliminary investigation, the circumstance that Mihran Poghosyan through using his service duties granted privileges and advantages to the companies mentioned in the articles or otherwise patronized those companies, and such circumstances are the features of Article 310 of RA Criminal Code, thus on 23.01.2017 a decision was made not to conduct criminal prosecution against M. Poghosyan and to discontinue the proceedings of the criminal case on the base of the lack of crime accident.