The anti-corruption court accepted another lawsuit filed by the General Prosecutor’s Office regarding confiscation of property of illegal origin.
The Department of the General Prosecutor’s Office in cases of confiscation of property of illegal origin submitted a demand to the court to confiscate in favor of the Republic of Armenia from Argam Norayri Hovsepyan, director of the “National Bureau of Expertise” SNOC of the National Academy of Sciences of the RA (under criminal proceedings, authorities suspended) and his related persons:
5 real estates located in the city of Yerevan, 2 of them in the Kentron administrative district.
1 vehicle.
162 million 812 thousand drams, which is not substantiated by the legal income of the person, has an illegal origin, was transferred to a bona fide acquirer or cannot be identified and confiscated based on the legal regulation of Article 20, Part 4 of the RA Law “On Confiscation of Property of Illegal Origin”.
135,297 drams as the balance of illegal income.
—
Disclaimer: This article was contributed and translated into English by Emil Lazarian. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.
Direct link to this article: https://www.armenianclub.com/2026/03/27/the-prosecutors-office-demands-from-argam-hovsepyan-to-confiscate-5-immovable-properties-in-favor-of-ra/
