The Republic of Armenia’s ownership rights to a land plot and a building located in the Town of Vedi, valued at approximately AMD 98 million, will be registered: The Prosecutor’s Office has concluded a settlement agreement
November 06, 2026
By a judgment of the Administrative Court dated 2 November 2026, the settlement agreement concluded between the Prosecutor General’s Office and the other parties to the proceedings concerning the return to the Republic of Armenia of a 5 ha land plot and a building with an area of 161.20 sq. m., located in the town of Vedi, Vedi community, Ararat region, with a cadastral value of approximately AMD 98,112,000, was approved.
It should be recalled that, in parallel with the criminal proceedings initiated by the Investigative Committee, the Department of State Interests Protection of the Prosecutor General’s Office had filed a claim with the Administrative Court, demanding to have declared invalid the state registration of ownership rights to the property located at the address of the Vedi Autodrome, Vedi, Ararat region, registered in the name of “Ararat Driving School” LLC, an organisation affiliated with the Armenian DOSAAF NGO.
Following the entry into force of the judicial act approving the settlement agreement, the ownership rights of the Republic of Armenia to the aforementioned properties will be registered.