More than $15 million worth of property and funds has been confiscated in cases involving assets of illicit origin, the Prosecutor General’s Office said, according to RFE/RL.
Since the adoption of the Law on Confiscation of Property of Illicit Origin, 11 settlement agreements have been concluded to date. “As a result of the settlement agreements, eight immovable properties and two movable assets have been transferred to Armenia, while the total monetary value of the settlements, including property and funds, amounts to 5,552,009,134 drams, or more than $15 million,” the Prosecutor General’s Office said.
According to figures published in March by Prosecutor General Anna Vardapetyan, the total number of claims currently being considered by courts has reached 166, with their combined value amounting to about 612.592 billion drams, or more than $1.5 billion.
Earlier today, the Justice Ministry said amendments to the Law on Confiscation of Property of Illicit Origin are planned in the near future. The proposed changes include removing the provision on settlement agreements from the law.
Prime Minister Nikol Pashinyan had earlier spoken about removing the regulation concerning settlement agreements from the law, saying he had instructed that the provision be abolished.
