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#CONFISCATION
Society
Armenian Ex-Gen. staff chief faces confiscation of $250K and $1.4M in property
The Prosecutor General's Office of Armenia is seeking the confiscation of over 97.37 million drams (approximately $247,000) and six properties with a combined market value of more than 545.68 million drams (around $1.38 million) from Artak Davtyan, the former Chief of the General Staff of the Armenian Armed Forces, and individuals affiliated with him.
17.12.2024, 13:56
Society
The equivalent of about 200 thousand dollars will be recovered in favour of the Republic of Armenia
An amount equivalent to about 200 thousand US dollars will be recovered in favour of the Republic of Armenia according to the latest decision made in the case of confiscation of property of illegal origin, the press service of the General Prosecutor's Office reports.
20.11.2024, 16:44
Society
Armenian Prosecutor General's Office demands confiscation of 14 real estate properties and 6 billion drams from former MP Aleksandr Sargsyan
Armenian Prosecutor General's Office demands confiscation of 14 real estate properties and about 6 billion drams from former MP Aleksandr Sargsyan (brother of former President Serzh Sargsyan).
08.10.2024, 17:01
Society
In 2024, over AMD 1 billion of illegal property confiscated in favour of Armenia
Five units of immovable and two units of movable property of illegal origin with a total market value of about AMD 1 billion and 123 million were confiscated in favour of the state by three decisions of the Anti-Corruption Court of Armenia in 2024, Srbuhi Galyan, representative of the General Prosecutor's Office, said.
20.09.2024, 16:41
Society
Armenian prosecutors seek to confiscate 8 properties and more than AMD 1.7 billion in cash from ex-head of Armenia's PSRC
The Office of Armenia's Prosecutor General is seeking to confiscate eight real estate properties and 1 billion drams owned by an ex-chairman of Public Services Regulatory Commission (PSRC) Robert Nazaryan and affiliated persons.
15.09.2023, 18:07
Society
Armenian Prosecutor General's Office seeks to confiscate a string of properties and assets owned by ex-president Robert Kocharyan and affiliated persons
The Office of Armenia’s Prosecutor General announced today the decision to confiscate a string of properties and assets owned by ex-president Robert Kocharyan and seven persons affiliated with him, namely, his wife, children and their spouses.
14.07.2023, 18:51
Society
Prosecutors seek to seize 2.3 billion drams worth assets from former mayor of Yerevan
A department of the Office of Prosecutor General in charge of confiscation of assets deemed to have been acquired illegally has asked a court's permission to confiscate the assets of an MP and former Yerevan Mayor Taron Margaryan and six affiliated persons.
11.01.2023, 11:15
Society
Armenian parliament expands list of persons whose property can be checked for legality of acquisition
By a vote of 59 the Armenian parliament has approved today in the first reading a set of amendments and additions to the law on confiscation of property of illegal origin. Lawmakers from the opposition alliances Hayastan and Pativ Unem did not participate in the voting.
19.05.2022, 14:28
Society
Armenia to expand list of persons whose property can be checked for legality of acquisition
The Armenian government has approved today a set of amendments and additions to the law on confiscation of property of illegal origin.
05.05.2022, 19:26
Society
Minister: first criminal cases on illegally acquired assets expected no earlier than in 2021
The first criminal cases on the confiscation of illegally acquired assets can be expected no earlier than in 2021, Armenian Justice Minister Rustam Badasyan told reporters on Wednesday.
04.11.2020, 15:17
Society
Armenian government approves bill on confiscation of illegally acquired property
The government of Armenia has approved today a bill calling for the confiscation of illegally acquired property.
12.12.2019, 19:17
Society
Armenian law "on confiscation of illegally acquired property" is supposed to come into force in January 2020
The Armenian law "On confiscation of illegally acquired property" is likely to come into force in January 2010, Deputy Justice Minister Srbuhi Galyan at the presentation of the Partnership for Good Governance program.
24.09.2019, 15:55
Society
Ill-earned assets will not be confiscated without trial and court sentence
Ill-earned assets will not be confiscated without investigation or trial, the head of Armenia’s State Revenue Committee David Ananyan said on Tuesday.
09.07.2019, 19:08
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Popular
Reforms aimed at diversifying exports, improving the business environment, strengthening governance, and advancing climate policy implementation are crucial for boosting economic resilience and increasing potential growth, said IMF Deputy Managing Director and Acting Chairman Bo Li.
IMF outlines measures to boost Armenia's economic resilience and growth
