Prosecutors seek forfeiture of total of 500 billion drams in illegally obtained assets

YEREVAN, NOVEMBER 23, ARMENPRESS. The Stolen Asset Recovery Division of the Prosecutor-General’s Office is seeking to confiscate a total of 500 billion drams in assets suspected to be of illicit origin in 93 different cases.

Prosecutor-General Anna Vardapetyan said November 23 that the stolen asset recovery division, officialy known as the Department of Confiscation of Illegally Obtained Assets, has filed 93 cases to court since 2020. The assets in question include over 1000 real estate properties, 200 movable properties and shares in 270 companies.

So far 4 settlements have been reached, and the persons involved in the cases surrendered 6 real estate properties and 1 movable property worth over 2 billion drams, as well as 79 million drams.