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About 22 million drams were confiscated in favor of the Republic of Armenia


The judicial act, the final judgment, confirms that the institution of confiscation of property of illegal origin is in operation, and in the three-tier judicial system, we have a fully satisfied claim with a final judgment that has entered into force. This was stated by the Prosecutor General of the Republic of Armenia Anna Vardapetyan at the Government session on February 13, responding to the question of Prime Minister Nikol Pashinyan whether the confiscation of property of illegal origin is a reality.

“By the judgment of the Anti-Corruption Court of July 15, 2024 (we are talking about the court of first instance), the claim of the Prosecutor General’s Office was fully satisfied, and based on the judgment (the judgment entered into force at the beginning of the year), the property right of the Republic of Armenia has already been registered in respect of one apartment located on Vardanants Street in Yerevan and one residential house located in the Arinj community of the Kotayk region.

Around 22 million euros, equivalent to 50,720 euros, have also been seized in favor of the Republic of Armenia. drams.

In order to execute the remaining part of the decision, the Prosecutor General's Office has applied to the Anti-Corruption Court, requesting to provide a writ of execution so that the rest can be executed through the Compulsory Enforcement Service," he said.

Vardapetyan informed that so far, the properties returned within the framework of the proceedings for the confiscation of property of illegal origin have been reconciled. "The number of lawsuits filed within the framework of our function for the confiscation of property of illegal origin is currently 136, which are in courts of various instances.

Let us remind you that with these lawsuits we are demanding the confiscation of 270 movable properties, 1,381 immovable properties, and participation in 359 legal entities.

The estimated monetary claim currently amounts to 527 billion drams, the total claim value is about 600 billion drams," he said, adding,that the last number will change as a result of the ratio of market and cadastral values. The Prosecutor General also spoke about a mechanism launched last year, namely the unified account of recovered funds.

Accordingly, from the date of launch, December 5, to date, about 10 billion 283 million drams have been deposited into the unified account of recovered funds. "This does not include economic crimes.

That is, all crimes related to non-fulfillment of tax obligations, all those recoveries will be paid not to this account, but to the account designated for the relevant taxpayers," he said.

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