In 2024, over AMD 1 billion of illegal property confiscated in favour of Armenia

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20.09.2024, 16:41

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.

In 2024, over AMD 1 billion of illegal property confiscated in favour of Armenia

YEREVAN, 20 September. /ARKA/. 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.

'110 lawsuits were filed with the court demanding to confiscate in favour of the Republic of Armenia about 1,205 units of immovable and 230 units of movable property of illegal origin in the amount of AMD 566 billion,’ Galyan said at the conference held in Belgrade on September 18-20 under the patronage of the Council of Europe.

Galyan also said that within the framework of confiscation of property of illegal origin the Prosecutor General's Office concluded 8 reconciliation agreements, according to which 7 units of immovable and one unit of movable property worth about AMD 5 billion were transferred to the ownership of the Republic of Armenia. -0--

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