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Gagik Tsarukyan's Property to be Returned to the Republic of Armenia at Lake Sevan

News | 2026/07/08 17:02

Gagik Tsarukyan's Property to be Returned to the Republic of Armenia at Lake Sevan

The Prosecutor General's Office demands the return of Gagik Tsarukyan's property

The Prosecutor General's Office demands the return of Gagik Tsarukyan's property located on the shores of Lake Sevan, which previously belonged to the "Multi Group" company.

The prosecution has filed a claim in the anti-corruption court seeking to invalidate the contract dated November 29, 1996, concerning the sale of a land plot of 1.21 hectares and a house of 60 square meters.

Additionally, the prosecution seeks to invalidate contracts signed on September 8, 2000, and January 12, 2001.

As a result of these demands, a land plot of 0.29114 hectares, along with the buildings and structures constructed on it, will be returned to the ownership of the Republic of Armenia.

The anti-corruption court granted the prosecutor's request to prohibit the defendant from performing actions that may lead to a change of ownership of the specified properties.

It is worth noting that Gagik Tsarukyan has been arrested for two months.

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