Armen Ashotyan's property under confiscation: prosecutors demand seizure of three properties and nearly $1 million

Armenia's Prosecutor General's Office is demanding the confiscation of three units of real estate and about 385 million drams (around $1 million) from former Minister of Education and RPA deputy chairman Armen Ashotyan.

As the agency reports, the Anti-Corruption Court has accepted for proceedings another lawsuit on the "confiscation of property of illegal origin." Authorities want to seize from the opposition figure one unit of real estate in the center of Yerevan and two in the Avan administrative district.

The prosecutor's office also considers the origin of the sum of 385 million drams (around $1 million) to be illegal.

Ashotyan is under house arrest. According to the materials of the criminal case, the former education minister used his official position in order to, in collusion with former Finance Minister Gagik Khachatryan, his son, the head of the Board of Trustees, the rector of Yerevan Brusov University and three vice-rectors of the university, as well as a person connected with them, transfer through a corruption scheme real estate and a land plot with an area of 451.1 square meters (worth 209 million drams) at 38/1 Pushkin Street into the ownership of the foundation of a high-ranking official and a person connected with him.

To conceal the illegal origin of the property, it was first registered in the name of a certain G. T., after which its fictitious sale to Gagik Khachatryan's son was carried out.

Source: Sputnik Armenia