The Prosecutor’s Office of Armenia continues the large-scale process of returning assets of illegal origin, having already transferred about 17 million dollars of property and funds to the state budget. Former high-ranking officials and their relatives are being targeted, and the total amount demanded by the lawsuits in the court exceeds 628 billion drams.
At the session of the Government of Armenia on August 6, Chief Prosecutor Anna Vardapetyan presented the latest results of the work carried out on the confiscation of property of illegal origin. According to his data, the state has already received about 6.3 billion drams worth of assets only through legally binding judgments and signed reconciliation agreements. This list includes real and movable property, stocks, as well as large amounts of cash and borrowing rights.
The Prosecutor General singled out a number of scandalous cases recently partially satisfied by the Anti-Corruption Court, which have not yet entered into legal force. Among them are the third president of RA Serzh Sargsyan, his nephew’s daughter Ani Sargsyan, Former governor of Aragatsotn Sargis Sahakyan, former mayor of Hrazdan Aram Danielyan and a former member of the National Assembly Manvel Grigoryan cases concerning heirs.
Dozens of real estate properties, vehicles, business interests, hundreds of thousands of dollars in currency deposits, and hundreds of millions in cash will be subject to nationalization after these court orders become final.
Vardapetyan also informed that in the case of former governor of Kotayk Karapet Guloyan, the demand for confiscation of around 1.3 billion drams has already been sent to enforcement. General statistics also testify to the unprecedented volume of the process. Currently, the Anti-Corruption Court is examining 172 lawsuits with a total claim amounting to about 628.6 billion drams.
With these proceedings, the prosecutor’s office demands confiscation of more than 1,400 immovable and 371 movable properties, shares of hundreds of companies, and funds in the amount of 464.6 billion drams.
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