How Many Real Estate Properties were Embezzled by Gagik Beglaryan: Noteworthy Details

The Prosecutor General's Office has studied the criminal case being investigated by the Investigative Department of the National Security Service, during which it was revealed that between 2002 and 2010, G.B., who held the position of the head of the "Center" community in Yerevan and later the Mayor of Yerevan, misused his official position, embezzling a considerable amount of real estate properties in Yerevan and other locations.

Specifically, the properties include: the building located at 3 Tumanian Street, an adjacent basement unit; the building at 58 Mashtots Avenue; property 25; the building at 4 Charents Street; property 129; the building at 26/1 Vardanants Street; property 35; the building at 6 Mashtots Avenue; properties 88 and 89; the building at 5A Vardanants Street; property 366; the building at 59 Teryan Street; property 33; the building at 37/1 Sayat-Nova Street; property 50; the building at 38 Tumanyan Street; property 52; the building at 1 Kogbatzur Street; property 121; the building at 39 Israelian Street; property 1; the building at 58 Pushkin Street; properties 52 and 53; the building at 20/1 Saryan Street; property 83; the building at 51 Mashtots Avenue; property 43; the building at 47/1 Khorenatsi Street; property 121; the building at 40A Mashtots Avenue; property 100; the building at 5 Koryuni Street; property 83; the building at 15 Paronyan Street; property 37; the building at 43 Khorenatsi Street; property 96; the building at 5A Tumanyan Street; property 45; the building at 1 Teryan Street; property 37; the plot at 153 Armenakyan Street; the plot at 36/4 Saryan Street; and the plot at 28 Ejmiadzin Old Highway.

Subsequently, the mentioned official, in order to legitimize the acquisition of property obtained through evidently criminal means, conceal the true ownership of the properties and distort the source of their criminal origin, took measures using his official capacity, involving various individuals to carry out formal transactions to legalize a significant portion of the embezzled real estate properties.

As a result of the criminal activities, several buildings allocated for preschool educational institutions (kindergartens) were also embezzled, leading to the cessation of those institutions' operations and the violation of the rights and legal interests of several dozen children studying in the preschool facilities.

Considering the factual data obtained during the criminal proceedings sufficient, the prosecutor overseeing the legality of the pre-investigation decided on November 15, 2022, to initiate public criminal prosecution against G.B. for 27 instances under Article 179 of the Criminal Code of the Republic of Armenia (Embezzlement or Misappropriation) and 25 instances under Article 190 of the same Code (Legitimization of Property Obtained through Criminal Means) along with Article 308 (Abuse of Official Power).

That same day, the decision was sent to the investigator of the NSS for the presentation of charges against G.B. Necessary actions are being taken to clarify the entirety of individuals involved in the corrupt scheme, initiate public criminal proceedings against them, and restore the legal interests and rights of the state and the community.

Meanwhile, in the performance of its powers reserved by law for the protection of state interests, the Prosecutor General's Office will undertake all necessary measures of prosecutorial action to recover damages inflicted on the state.

Notice: An individual charged with a criminal offense is presumed innocent until proven guilty in accordance with the procedure established by the Criminal Procedure Code, by a legally binding court decision.