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

Your email address will not be published. Required fields are marked *

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

California Armenian-American Democrats (CAAD) Gain Support Of Elected Officials

Burlingame, CA – The California Armenian-American Democrats (CAAD) are proud to announce…

Russia Ready to Support Armenia-Turkey Talks – Sergey Lavrov

MOSCOW (Armradio) — Russia’s relations with Armenia are at a high level,…

“Against Genocide Crime” Global Forum Kicks off in Yerevan

YEREVAN –The global forum “Against the crime of Genocide” kicked off in…

Euronest Parliamentary Assembly Adopts Resolution on Armenian Genocide Recognition

YEREVAN — The Euronest Parliamentary Assembly, representing the European Union’s member and…