More than 14 million dollars in real estate and funds have already been returned to the state budget of Armenia as part of a large-scale confiscation process of properties of illegal origin. The General Prosecutor’s Office of the country summarized the results of the profile department’s work in 2025 and published the statistics recorded since the beginning of the application of this legal mechanism.
The expanded session of the board of the department was held on March 7, 2026, RA Prosecutor General Anna Vardapetyan with the presidency. Deputy Prosecutor General acted as the main speaker Edgar Arsenyan, which presented in detail the previous year’s activities of the Department for confiscation of property of illegal origin. According to him, only during 2025, 157 studies were initiated, based on which 42 lawsuits were submitted to court.
With the lawsuits that are currently being examined, the supervisory body demands the confiscation of 230 immovable and 68 movable properties in favor of the state, as well as participation in 76 legal entities. The total value of claims submitted during the year is close to 36 billion drams. Moreover, during the past year, one reconciliation agreement was successfully concluded, as a result of which almost 69 million drams were transferred to the state treasury.
Evaluating the general picture recorded since the establishment of the profile department in the fall of 2020, the representatives of the prosecutor’s office voiced unprecedented indicators. As of March 1, 2026, 166 lawsuits with a total value of more than 612 billion drams are being examined in the courts. The state claims to return 1568 immovable properties and 356 vehicles. The department emphasizes that the submitted financial claims have a steady growth trend, as the process of evaluating the market value of a number of assets and corporate shares is still ongoing.
The practical results of the five-year work of the confiscation mechanism are expressed in the assets actually returned to the state. As of today, nine immovable properties and two vehicles have been handed over to the state based on one legal judgment and nine settlement agreements. The total value of already confiscated property and funds is about 5.45 billion drams, which is equivalent to about 14.46 million US dollars.
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