PM Pashinyan: Stolen Property Will Be Gradually Reclaimed by the State and People

YEREVAN – Prime Minister Nikol Pashinyan has praised Armenia’s progress in recovering stolen assets.

In a video shared on social media, the Prime Minister highlighted the success of the country’s stolen asset recovery system, officially known as the system for confiscation of illegally obtained assets.

“It is crucial to emphasize that this system has been introduced and proven effective,” Pashinyan stated. He explained that the law applies equally to corruption cases both before and after 2018, underscoring its impartiality. “This is what gives value to the system—its aim is not confined to a specific timeframe but targets the broader phenomenon of corruption. The return of these illicit assets serves the interests of the state and municipalities.”

The Prime Minister reiterated his commitment to ensuring that all assets stolen from the state and the people are returned.

“I want to officially declare that this system is operational and delivering results. I congratulate us all because this was one of the core objectives of the 2018 revolution. We have fulfilled our promise, and this system will return every stolen asset to the people, piece by piece,” Pashinyan said.

Minister of Justice Srbuhi Galian recently reported that Armenia has recovered illegally acquired property worth 5 billion drams in a short period.

Galian also noted that approximately 120 criminal cases involving the recovery of property, funds, and shares in legal entities are currently in court. Some judicial decisions remain under appeal, with the total monetary claims in these cases exceeding 2 billion drams. (1 USD = 398.94 drams)