Prosecutors Seek Confiscation of Assets Linked to Former Pres. Robert Kocharyan

YEREVAN — Armenia’s Prosecutor General’s Office is seeking the confiscation of 22 real estate properties, ownership interests in 13 companies and approximately $51 million from former President Robert Kocharyan and individuals affiliated with him.

According to the lawsuit, prosecutors are seeking the confiscation of 22 real estate properties, 19 of which have a combined estimated market value of approximately $29 million.

The claim also covers the rights to purchase two additional real estate properties, two vehicles and approximately $10 million representing the acquisition value of other assets.

Prosecutors are also seeking the confiscation of ownership interests in 13 companies, including Toyota Yerevan and Nairi Insurance, as well as the acquisition value of stakes in four other companies.

The lawsuit additionally seeks the confiscation of:

-Bonds purchased for approximately $5.7 million;

-Bank deposits exceeding $1.9 million;

-Loan receivables totaling approximately $27million.

The total monetary claim in the case amounts to approximately $51 million, in addition to another $1.5 million that prosecutors allege represents the unlawful portion of bail paid in a criminal case.