15 Real Estate Properties and Approximately 457 Million Drams: New Seizure Claim Against Poghosyan and Associates

The Prosecutor's Office submitted a new claim for the seizure of property of illegal origin to the Anti-Corruption Court on September 30, 2022, which was accepted for proceedings by a ruling on October 5, 2022.

According to the latter, the Prosecution's Division for the Seizure of Property of Illegal Origin has filed a demand to the court for the seizure in favor of the Republic of Armenia from former head of the Judicial Acts Enforcement Service, Mihran Poghosyan, and seven associated individuals, specifically targeting 15 real estate properties located in the Republic of Armenia. This includes 2 residential houses in Yerevan, 1 garage, 12 public-use areas, and 3 vehicles. In case of impossibility, the average market value of these properties, which amounts to more than 3 billion 502 million 570 thousand drams, is requested to be seized. Additionally, the claim includes shares in 6 legal entities, rights to claims for loans totaling 710 million 839 thousand 400 drams provided to individuals and legal entities, as well as 456 million 628 thousand 637 drams as the remaining balance of illicitly obtained monetary funds, alongside 6 billion 141 million 24 thousand drams, which is unsubstantiated by the individual's legitimate income and is considered to have illicit origins. This is based on Article 20, Part 4 of the Law on the Seizure of Property of Illegal Origin.

The Prosecutor General continues to submit claims for the seizure of illicit property to the Anti-Corruption Court in cases where preliminary security measures have already been applied by court decisions.