On October 8, 2020 the Department for Confiscation of Property of Illicit Origin of the Prosecutor General’s Office started an examination with regard to the property belonging to Gagik Tsarukyan.

During the examination the Department exercising its powers provided for by the law “On confiscation of property of illicit origin” submitted requests to different state and local self-government bodies, collected necessary information, including information constituting bank secrecy, as a result whereof it submitted an application to the court on applying a preliminary measure for securing the claim.

According to the decision of the court, Gagik Tsarukyan and his related persons were prohibited to take actions related to the disposition of a number of immovable and movable properties.

Interested parties got acquainted with the data collected during the examination, they were given a chance to express their position, however the interested parties failed to submit any data substantiating the legality of acquisition of the property assessed as illicit by the Department.

Afterwards, on October 9, 2023 a statement of claim was submitted to the Anti-corruption court on confiscation of property of illicit origin as a result of examination of the property belonging to Gagik Tsarukyan, which was accepted into the proceedings on October 10, 2023.

Pursuant to the statement of claim the Department for Confiscation of Property of Illicit Origin of the Prosecutor General’s Office required from the Court to confiscate from Gagik Tsarukyan and his related persons in favor of the Republic of Armenia the following: 

• 79 immovable properties;

• 42 transportation means;

• AMD 348 million 194 thousand— the price of acquisition of 8 non-identified transportation means;

• AMD 33 million—the amount of the right to conceded claim;

• The market value of 10 immovable properties, which belong to Gagik Tsarukyan under the meaning of the law;

• Shares in 39 legal persons
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• The right to claim loans in the amount AMD 63 billion;

• Loans in the amount of about 16.8 billion provided to 12 natural and legal persons;

• Confiscation claims in the amount of AMD 86 billion 400 million.

Let us remind, that Gagik Tsarukyan was involved as a defendant in the criminal case (proceedings) initiated in 2020, after which the Department for Confiscation of Property of Illicit Origin of the Prosecutor General’s Office received the necessary information, based on which examination of the property belonging to Gagik Tsarukyan started on October 8, 2020.