Ara Sadoyan, former administrative head of Yerevan’s Kentron district, and Alfred Sadoyan (son of Ara’s brother, Armenian Ambassador to Georgia Ruben Sadoyan), founded an offshore company in the British Virgin Islands years ago.
Millions of documents leaked to the International Consortium of Investigative Journalists (ICIJ) reveal offshore assets of over 30 world leaders, 130 billionaires and 330 politicians, via 14 firms that offer services to set up secrecy and tax dodging entities. ICIJ has named this data collection the Pandora Papers.