On 27 December, 2022, the Anti-Corruption Court accepted the twenty-fourth lawsuit filed by the Prosecutor’s Office regarding the confiscation of property of illegal origin.
The Department for Confiscation of Property of Illicit Origin of the RA General Prosecutor’s Office submitted a request to the court to confiscate in favor of the Republic of Armenia the assets of the RA NA MP, former Mayor of Yerevan T.M., and six persons related to him. The request refers to confiscation of:
Six residential houses located in Avan administrative district of Yerevan city, one area of public significance, one country house located in Jermuk city of Vayots Dzor region, two vehicles, and in case of impossibility, their average market value, which is 1 billion 528 million 800 thousand 500 drams .
Average market value of participation in one legal entity.
Average market values of one immovable and three movable properties in Yerevan.
853 million 402 thousand 782 drams, of which 755 million 154 thousand 928 drams are the balance of illegal income and 98 million 247 thousand 854 drams, which are not justified by the legal income of a person, have an illicit origin and cannot be confiscated based on Part 4 of Article 20 of the Law on Confiscation of Property of Illicit Origin (“Where the illicit property has been transferred to a bona fide acquirer, or it is impossible to identify, separate or confiscate the illicit property, upon the court decision and in case there is a relevant request, an amount equal to the market value of the illicit property as of the time of filing a claim may be confiscated from the respondent, and in the case of impossibility of determining the market value – the amount equal to the acquisition of the given property”).