Amount equivalent to around $21 million to be confiscated from former MP Vahe Hakobyan
The Anti-Corruption Court has admitted a lawsuit filed by the General Prosecutor’s Office regarding the confiscation of property of illicit origin.
The Department of the Prosecutor’s Office for the Confiscation of Property of Illicit Origin has applied to the court with a request to confiscate various properties and funds from the former Governor of Syunik and former Member of the National Assembly, Vahe Alberti Hakobyan, and his affiliated persons in favor of the Republic of Armenia.
The lawsuit also involves Vahe Hakobyan’s wife, Elizabeth Petrosyan, his brother, Karen Hakobyan, the latter’s wife, daughters, and parents.
The Prosecutor’s Office seeks the confiscation of 9 real estate units, 3 vehicles, participation in 1 legal entity, 4 loan claim rights totaling 122 million 614 thousand AMD, 2 bonds with a total value of 741 thousand USD, 2 deposits totaling 240 thousand USD, 4 billion 524 million 816 thousand AMD as the balance of illicit funds, as well as 2 billion 814 million 926 thousand AMD which, according to the lawsuit, is not justified by legal income, is of illicit origin, and has either been transferred to a bona fide acquirer or cannot be identified and confiscated.
