Armenian prosecutor general to confiscate 1.7 billion drams and property from ex-accounts chamber head

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18.12.2024, 12:04

The Prosecutor General's Office of Armenia intends to confiscate nearly 1 billion 723 million drams from Levon Yolyan, the former head of the Accounts Chamber, the agency reports.

Armenian prosecutor general to confiscate 1.7 billion drams and property from ex-accounts chamber head

YEREVAN, December 18. /ARKA/. The Prosecutor General's Office of Armenia intends to confiscate nearly 1 billion 723 million drams from Levon Yolyan, the former head of the Accounts Chamber, the agency reports.

The confiscated assets include six items of property, such as real estate in Yerevan, Tsaghkadzor, and the villages of Artavaz and Artashat, as well as one vehicle. The total value of these assets is estimated at 628 million drams.

Additionally, the Prosecutor General's Office plans to seize real estate in Yerevan worth 53 million drams, shares in three legal entities, a loan of 69 million drams, and a deposit of 32 million drams.

The prosecutor's office is also seeking the confiscation of about 1.57 billion drams, considered the remainder of illicit funds, including amounts transferred to third parties.

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