PROMINENT BUSINESSMAN FILES MULTI-MILLION DRAM DEFAMATION LAWSUIT

YEREVAN—A major defamation lawsuit has been initiated in Armenian courts, with prominent businessman and philanthropist Samvel Karapetyan seeking both a formal retraction of damaging statements and substantial financial compensation.

Legal documents confirm the case was formally submitted to judicial authorities on Saturday, though court proceedings have not yet commenced. The plaintiff is demanding 6 million drams in compensation for alleged reputational harm.

The lawsuit represents a significant legal action in Armenia’s business community, highlighting ongoing concerns about corporate reputation and the legal recourse available to public figures facing damaging allegations. Such cases typically involve complex legal arguments around freedom of speech, business reputation, and the boundaries of acceptable public discourse about prominent individuals.

Legal experts note that defamation cases of this magnitude often set important precedents for how Armenian courts balance protection of individual reputation against principles of free expression. The outcome could influence how similar disputes are handled in the future, particularly those involving high-profile business figures.

The case joins several other notable defamation proceedings currently moving through Armenia’s judicial system, reflecting what observers describe as an increasing willingness among business leaders to use legal channels to address perceived reputational damage.