In the frame of the function of confiscating property of illegal origin, on 23 June, 2025 the Prosecutor General’s Office concluded a settlement agreement, according to which the Head of “Stones” LLC, Suren Avagyan and his affiliates were obliged to transfer AMD 50 million to the Republic of Armenia during a week and AMD 37 million 622 thousand during the next 12 months.   

On June 26, 2025, the above-mentioned settlement agreement was approved by the judgment of the Anti-Corruption Court.

It should be recalled that on October 9, 2020, a claim was provided by the Department for Confiscation of Property of Illegal Origin of the Prosecutor General's Office demanding the property of illegal origin belonging to Suren Avagyan /father’s name: Patvakan/.

On March 22, 2023, the Department for the Confiscation of Illegally Originated Property of the Prosecutor General's Office filed a lawsuit with a request to confiscate the illegally originated property belonging to Suren Avagyan.

On June 23, 2025, a lawsuit was filed to amend the basis and subject of the lawsuit, according to which the following are subject to confiscation in favor of the Republic of Armenia:

1. AMD 75 million, which are not substantiated by the legal income of the person, have an illegal origin, were transferred to a bona fide acquirer or cannot be identified and confiscated.
2. AMD 347 thousand as the right to claim the unrepaid part of the loan provided.
3. AMD 19 million 985 thousand as the remnant of the illegally received income.

On the same day, the defendants filed an application wishing to conclude the proceedings according to the settlement agreement, committing to transfer AMD 87 million 622 thousand to the Republic of Armenia.