YEREVAN (ARKA) — The Office of Armenia’s Prosecutor General said a legal action has been initiated to seize the assets owned by Serob Harutyunyan and Anush Antonyan, which are deemed to have been acquired illegally.

The assets comprise an apartment on Northern Avenue in Yerevan, two BMW cars and 50% of a company called Orange Gas.

The law on seizure of illegally acquired property was approved by the parliament of Armenia in April 2020. It allows authorities to confiscate private properties and other assets deemed to have been acquired illegally.

More precisely, the law allows prosecutors to investigate individuals in case of having “sufficient grounds to suspect” that the market value of their assets exceeds their “legal incomes” by at least 50 million drams ($103,000

If such discrepancies are found prosecutors can ask courts to nationalize those assets even if their owners are not found guilty of corruption or other criminal offenses.

Earlier, Prime Minister Nikol Pashinyan stated that from the position of the European Court of Human Rights, the seizure of illegally acquired property is a normal practice in the fight against corruption and is not considered a restriction on human rights. ($1 – 478.27 drams).

 

1 comment

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sign Up for Our Newsletters

Get notified of the latest updates from MassisPost.

You May Also Like

Armenian Studies Program to Hold Armenian-American Musical Heritage Day

FRESNO — The Armenian Studies Program will be holding a special event,…

Turkish-Armenian Journalist Sevan Nisanyan Sentenced for Insulting Prophet

ISTANBUL — An Istanbul court has sentenced Turkish-Armenian writer Sevan Nisanyan to…

Attorneys Ordered to Produce Records in Armenian Genocide Settlement

Amanda Bronstad The National Law Journal A federal judge has ordered plaintiffs…

Iran Offers to Help Armenia Build Bypass Roads

YEREVAN — Iran is ready to help Armenia build highways connecting the…