At a government meeting, Prime Minister Nikol Pashinyan responded to opposition claims that funds from the Armenia Fund were embezzled, saying that “corrupt individuals” are behind such accusations—hinting at former President Robert Kocharyan without naming him directly.

Bagrat Mikoyan, head of Kocharyan’s office, issued a sharp rebuttal, stating that “the $100 million from the Armenia Fund disappeared before everyone’s eyes,” while Pashinyan was both Prime Minister and a board member of the fund.

“This was an unprecedented vanishing act when our compatriots donated to the Fund, which then passed the money to the government. Yet there is zero public information on where the funds went—despite the requirement that every cent spent from the Fund be publicly reported,” Mikoyan told Yerevan.Today.

He added that a video recording of a relevant meeting, prompted by a question from Kocharyan, is available online and proves his point. “It’s safe to conclude that the $100 million was either stolen or ended up in some official’s offshore bank account. The bloated and increasingly wealthy Civil Contract elite is proof enough,” Mikoyan claimed.

He emphasized that the money had been donated by Armenians during the war and was meant for urgent national needs, making its disappearance especially appalling.

Mikoyan expressed confidence that a future government would fully uncover the fate of these and other missing funds. “I’m certain the next administration will provide full disclosure and legal accountability, recovering the embezzled millions for the people,” he said.

He criticized Pashinyan’s response as “tedious,” coming from a leader who has been in power for eight years and still resorts to tabloid-style gossip. “It’s exhausting to listen to a man in office for this long who continues to babble like the yellow press,” he concluded.

Pashinyan, in turn, reminded the public that a parliamentary inquiry led by an opposition member—Artzvik Minasyan—had been launched into the matter. “Where’s the conclusion? Let them sign a report saying it was stolen, then we’ll know what to do. We’ll take it to court and make them prove otherwise,” he said.