Armen Tavadyan

Logo of Armen Tavadyan

Armen Tavadyan is the owner of “Shark” LLC, which operates Fifth Channel TV in Armenia. He received his education in Armenia and the Russian Federation. In 1993, Tavadyan founded the representation of Nagorno-Karabakh in Moscow and led it until 2005.


In addition to his involvement with Fifth Channel, Tavadyan has participated in other companies. From 2018 to 2021, he held a 49% stake in Panorama Am LLC, the owner of the panorama.am website; he acquired this stake from Ara Saghatelyan and returned it to him in 2021. Ara Saghatelyan previously served as Director of the Public Relations and Information Center of the Presidential Staff during Serzh Sargsyan’s presidency (2009–2017) and was Chief of Staff and Secretary General of the National Assembly in 2017–2018.


Tavadyan has also founded several media outlets and professional associations. His business activity is currently limited, as the companies in which he holds shares have suspended their operations or he has left them. He has also established two non-governmental organizations: “Haghtanak” NGO (founded in 2019), which suspended its activities and was dedicated to human rights and democratic institutions, and “Miasin” (founded in 2021), a charitable NGO engaging volunteers in social initiatives.


Tavadyan came to public attention in 2019, following the political transition in 2018. During the trial of former President Robert Kocharyan, who was charged in connection with the events of March 1, 2008, Tavadyan faced separate charges of attempting to obstruct justice by bribing individuals to give false testimony in favor of Kocharyan; he was described by investigators as a close associate of the former president. In 2022, the court terminated the prosecution against Tavadyan on the grounds of statute of limitations.


Tavadyan was present at rallies supporting Robert Kocharyan during the court proceedings and was accused of throwing a bottle at activist Vardges Gaspari, a charge he denied. Media coverage highlighted Tavadyan’s participation in rallies supporting Kocharyan and questioned whether his role as owner of Fifth Channel and his involvement in these public events might represent a conflict of interest.​​ Tavadyan responded, “I do not interfere in TV 5’s internal affairs. I am merely the owner. I do not interfere in professional matters.”

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Facts

Affiliated Interests Family & Friends
  • Robert Kocharyan
    Robert Kocharyan is an Armenian political figure who was among the political leaders of the Artsakh movement from February 1988. He served as President of the Nagorno-Karabakh Republic from 1994 to 1997. On March 20, 1997, Armenian President Levon Ter-Petrosyan appointed Kocharyan as Prime Minister of Armenia. Ter-Petrosyan resigned on February 3, 1998, due to internal government disagreements over the Artsakh issue. Prime Minister Kocharyan, Interior and National Security Minister Serzh Sargsyan, and Defense Minister Vazgen Sargsyan had opposed his position. Kocharyan was elected President of Armenia on March 30, 1998, in special elections. He was re-elected on March 5, 2003, and served until 2008. European observer missions assessed both elections as marred by fraud and neither fair nor transparent. His presidency ended with the March 1, 2008 events. Kocharyan intended to transfer power to Prime Minister Serzh Sargsyan. According to official results of the February 19, 2008 presidential election, Sargsyan received 52.82% of votes while his opponent, first president Levon Ter-Petrosyan, received 21.5%. Ter-Petrosyan and supporters contested the results in Constitutional Court while holding rallies and sit-ins. On March 1, 2008, Kocharyan ordered forceful dispersal of demonstrators. Clashes between police, armed forces, and demonstrators resulted in 10 deaths: 8 demonstrators and 2 police officers. After leaving office, Kocharyan served on the board of directors of Russian Sistema JSFC from 2009 to 2021. Following the 2018 change of government, criminal proceedings were initiated against Kocharyan regarding the March 1 events and illegal asset forfeiture. These cases remain ongoing. In 2021, he returned to politics, participating in snap parliamentary elections as the main opponent of Prime Minister Nikol Pashinyan. His Armenia Alliance entered parliament with 28 MPs. He has announced plans to participate in 2026 parliamentary elections. Kocharyan maintains a pro-Russian orientation, believing Armenia cannot independently ensure regional security and must restore strategic partnership with Russia.
Data Publicly Available
ownership data is easily available from other sources, e. g. public registries etc.
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Meta Data

Information about Armen Tavadyan is widely accessible in open sources, as he has been frequently covered in the media on various topics. Details regarding his business activities are readily available in the State Register of Legal Entities, as well as in press reports discussing his involvement in different companies and organizations.

Sources
Documents (PDF)
  • Shark LLC profile (Armenian)
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  • Shark LLC Beneficial ownership declaration (Armenian)
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  • Shark LLC CEO (Armenian)
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  • Shark LLC owners (Armenian)
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  • Shark LLC charter (Armenian)
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  • Shark LLC financial report (Armenian)
    Link File
  • MOM request to 5 TV (Armenian)
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  • 5 TV response to MOM request (Armenian)
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  • 5 TV response to MOM request (Armenian)
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  • 5 TV response to MOM request (Armenian)
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