Prosecutor’s Office demands to declare invalid transactions involving a number of real estate properties affiliated with Tsarukyan: Claims admitted for examination by the Court

On 7 August 2026, the Prosecutor’s Office of Kotayk region filed claims with the Anti-Corruption Court demanding to declare invalid transactions and auctions concerning a number of real estate properties owned by Gagik Tsarukyan and persons affiliated with him, and to apply the consequences of invalidity.

Under the first claim, the Prosecutor’s Office demanded to declare invalid the auction held on 4 October 2015 concerning a 3.5 ha plot of land belonging to Firma New LLC and located within the territory of Arinj Mall, which falls under the list of restrictions set out in Article 60 of the Land Code and is not subject to alienation. It also demanded to declare invalid the agreement concluded on 2 October 2025 between Gagik Tsarukyan and Firma New LLC concerning the contribution of the real estate as a non-cash contribution to the company’s charter capital. 

By a decision of the Anti-Corruption Court dated 19 August 2026, the claim was admitted for examination.

On the same day, the Court granted the motion of the Prosecutor’s Office for interim measures, prohibiting “Firma New” LLC from taking any action in respect of the 3.5 ha plot of land located in the village of Arinj, Abovyan community, Kotayk region.

Under the second claim, the Prosecutor’s Office demanded to declare invalid the auction held on 26 January 2003 concerning the 14.176 ha plot of land on which the private residence of Gagik and Javahir Tsarukyan is located in the village of Arinj, Kotayk region. It also demanded to declare invalid, with the application of the consequences of invalidity, the sale and purchase agreement concluded on 15 February 2003 between Aramik Sedrakyan, Gayane Sedrakyan and Gagik Tsarukyan concerning 12.566 ha of real estate, as well as the sale and purchase agreement concluded on 14 March 2013 between Aramik Sedrakyan and Gagik Tsarukyan concerning 1.61 ha of real estate.

By a decision of the Anti-Corruption Court dated 19 August 2026, this claim was also admitted for examination.

On the same day, the Court granted the motion of the Prosecutor’s Office for interim measures, prohibiting Gagik Tsarukyan and Javahir Tsarukyan from taking any action in respect of the 12.566 ha and 1.61 ha real estate properties located at the aforementioned addresses.