On March 12, 19 and 26, 2024 the Anti-corruption committee accepted statements of claims on the confiscation of illicit property submitted by the Prosecutor General’s Office.

In particular:

1. The Department of Confiscation of Property of Illicit Origin of the Prosecutor General’s Office submitted a claim to the court on confiscating from Armen Nalbandyan, former Head of the Licensing and Permits Department of the Ministry of Economics:

• 3 immovable properties;
• 1 transportation means;
• AMD 270 thousand as a balance of illicit funds;

• AMD 103 thousand 755 which was not substantiated by the lawful income of the person, had an illicit origin and is not possible to confiscate as it was transferred to a bona fide purchaser during 2006-2023 or could not be identified.

2. The Department of Confiscation of Property of Illicit Origin of the Prosecutor General’s Office submitted a claim to the court on confiscating from Artak Baghikyan, owner of LL Company and related persons: 

• 5 immovable properties;
• 4 shares in the legal persons;
• AMD 52 million.

3. The Department of Confiscation of Property of Illicit Origin of the Prosecutor General’s Office submitted a claim to the court on confiscating from Ara Vardanyants, the former Executive Director of “Hayastan” All Armenian Fund

• 3 immovable properties
• 1 transportation means;
• The current average market value of the apartment located in the center of the city of Yerevan,
• AMD 933 million 144 thousand, which was not substantiated by the lawful income of the person, was transferred to a bona fide purchaser or could not be identified or confiscated,
• AMD 208 million 214 thousand as a balance received from the use of illicit funds.