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Armenia State Bailiffs Service Chief Resigns Over Panama Papers Leak

YEREVAN -- The head of Armenia's State Bailiffs Service has resigned after local news reports documented his alleged links to offshore companies.

Major General Migran Pogosian said on April 18 that he was stepping down in order to comment on the situation as a private person.

More than 11 million documents known as the Panama Papers have been the basis for dozens of news articles around the world detailing shady financial transactions involving officials around the world.

Armenian investigative website has published documents apparently showing that Pogosian was linked to three Panama-registered companies -- Sigtem Real Estates, Hopkinten Trading, and Bango Invest.