{"id":7601,"date":"2026-03-21T11:07:28","date_gmt":"2026-03-21T08:07:28","guid":{"rendered":"https:\/\/armtribunal.com\/?p=7601"},"modified":"2026-03-21T11:27:22","modified_gmt":"2026-03-21T08:27:22","slug":"sindikat-badaljanov-neprozrachnye-shemy-finansirovanija-vlasti-pashinjana","status":"publish","type":"post","link":"https:\/\/armtribunal.com\/en\/2026\/03\/21\/sindikat-badaljanov-neprozrachnye-shemy-finansirovanija-vlasti-pashinjana\/","title":{"rendered":"Syndicate of the Badalyan Brothers: Non-Transparent Schemes of Financing Pashinyan\u2019s Power"},"content":{"rendered":"

The Novostnik.ru website<\/a> has published an article titled \u201cSyndicate of the Badalyans: Deception, Bribery, Murders.\u201d It is a documentary and analytical piece of significant informational, public, and political relevance. The article adopts a comprehensive fact-based approach, outlining alleged schemes behind a transnational network bearing features of financial misconduct and criminal activity.<\/p>\n

The article presents in detail the activities of the Badalyan brothers \u2014 described as sponsors of Armenia\u2019s incumbent political leadership \u2014 who operate through formally legal and semi-legal business structures, including gambling platforms, banking services, payment gateways, crypto exchanges, and PR\/GR infrastructure. The network reportedly spans multiple jurisdictions \u2014 Armenia, Turkey, Ukraine, France, the United Kingdom, Germany, and Romania \u2014 and is deliberately distributed across various companies and licenses, complicating the tracking of financial flows.<\/p>\n

Particular attention is given to the network\u2019s structural organization. Legal jurisdictions such as Malta and others are described as providing a fa\u00e7ade of legitimacy, while the Turkish segment functions as a non-transparent financial channel with indications of money laundering. Testimony attributed to former financier Cemil \u00d6nal and casino operator Halil Falyal\u0131 is cited as documenting the operation of 150\u2013200 illegal betting platforms in Turkey and the cross-border movement of funds via cryptocurrency cold wallets. It is further claimed that key figures within the structure, including Zeki Demirdes, managed asset logistics and ensured the network\u2019s continued operation following Falyal\u0131\u2019s death.<\/p>\n

The article references specific incidents suggesting potential criminal conduct, including the reported murder of Cemil \u00d6nal in the Netherlands in May 2025, alleged tax violations in Ukraine and Romania, and AML-related fines in Malta. It also highlights possible political dimensions and operational security mechanisms. In particular, it claims the existence of channels for untraceable financing of Pashinyan\u2019s political party, including transfers through both legal and crypto-based mechanisms, the use of FTN tokens, and funding of affiliated NGOs and sports federations.<\/p>\n

In conclusion, the article emphasizes what it describes as systemic impunity at both national and international levels and points to institutional gaps in oversight of transnational financial and political structures. It presents a set of claims and sch\u0435\u043ces that, according to the authors, needs further investigation by competent authorities and international supervisory bodies.<\/p>\n

The Badalyan brothers, for their part, deny any involvement in Halil Falyal\u0131\u2019s business activities or financial ties with his organizations. They state that Soft Construct provides only software solutions for gambling platforms and does not manage their operations.<\/p>\n

At the same time, reports by OCCRP and Hetq.am<\/a> indicate that Vigen Badalyan is a shareholder and director of Soft Construct, which is registered through international structures in the Isle of Man and Malta. The Vbet brand operates not only in Armenia but also in multiple countries through offices and licensed entities, including in Cura\u00e7ao.<\/p>\n

Testimony attributed to Cemil \u00d6nal, identified as Halil Falyal\u0131\u2019s former financial director, suggests that the Badalyans\u2019 Turkish partner, Zeki Demirdes, regularly transferred cryptocurrency funds derived from BetConstruct\u2019s activities in Turkey to Armenia. Additionally, other Turkish nationals, including Egemen Mustafa \u015eener and Tolga Alpaslan, are reported to have visited the company\u2019s offices in Armenia and participated in gambling-related business activities.<\/p>\n

The Badalyan brothers are also described as actively utilizing international corporate and financial frameworks. These include the acquisition of Maltese citizenship in 2016, the registration of multiple companies in Malta, and the management of branches in more than 15 countries \u2014 factors that enable cross-border operations and tax optimization.<\/p>\n

Connections with Armenian authorities are further suggested by visits of former presidents, ministers, and the prime minister to Soft Construct. The company is also noted as a significant taxpayer: in the first nine months of 2024, it reportedly paid 13.9 billion drams in taxes, while its profit for 2023 amounted to approximately 61 billion drams.<\/p>\n

Based on the cited information, Public Tribunal experts conclude that the activities of the Badalyan brothers resemble a complex transnational network with indications of financial misconduct and potential money laundering across legal and semi-legal structures in multiple jurisdictions. Despite official denials, the documented interactions with Turkish partners and cross-border cryptocurrency transfers raise concerns about non-transparent financing of political power, including Pashinyan\u2019s party. The use of international corporate and financial mechanisms, company registrations in Malta and the Isle of Man, and coordination through affiliated individuals are presented as evidence of the systemic nature of these operations, underscoring the need for international investigation to assess the legality of financial flows and their potential impact on Armenia\u2019s political and economic security.<\/p>\n

 <\/p>","protected":false},"excerpt":{"rendered":"

The Novostnik.ru website has published an article titled \u201cSyndicate of the Badalyans: Deception, Bribery, Murders.\u201d It is a documentary and analytical piece of significant informational, public, and political relevance. The article adopts a comprehensive fact-based approach, outlining alleged schemes behind a transnational network bearing features of financial misconduct and criminal activity.<\/p>","protected":false},"author":1,"featured_media":7602,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[157],"tags":[],"class_list":["post-7601","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armtribunal.com\/en\/wp-json\/wp\/v2\/posts\/7601","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armtribunal.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armtribunal.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armtribunal.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armtribunal.com\/en\/wp-json\/wp\/v2\/comments?post=7601"}],"version-history":[{"count":3,"href":"https:\/\/armtribunal.com\/en\/wp-json\/wp\/v2\/posts\/7601\/revisions"}],"predecessor-version":[{"id":7608,"href":"https:\/\/armtribunal.com\/en\/wp-json\/wp\/v2\/posts\/7601\/revisions\/7608"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armtribunal.com\/en\/wp-json\/wp\/v2\/media\/7602"}],"wp:attachment":[{"href":"https:\/\/armtribunal.com\/en\/wp-json\/wp\/v2\/media?parent=7601"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armtribunal.com\/en\/wp-json\/wp\/v2\/categories?post=7601"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armtribunal.com\/en\/wp-json\/wp\/v2\/tags?post=7601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}