Armenian Prosecutor’s Office Secures AMD 131 Million for State Budget
Yerevan, June 4, 2026 – The Armenian Prosecutor’s Office has achieved a significant legal victory, securing the recovery of 131,358,000 Armenian Drams (AMD) for the state budget. This follows a successful lawsuit filed by the Prosecutor’s Office for the protection of state interests.
The ruling specifically invalidated a land sale contract dated April 26, 2005. This contract was originally signed between an authorized representative of the Minister of Defense of the Republic of Armenia, Serzh Sargsyan, and “Ararat Motors” LLC. The agreement pertained to a 0.40935-hectare plot of land located at 16/4 Admiral Isakov Avenue in the Malatia-Sebastia administrative district of Yerevan.
Invalidation of 2005 Land Sale Contract
The court’s decision to annul the 2005 contract stems from irregularities identified during the legal proceedings. The specific details regarding the nature of these irregularities were not immediately disclosed by the Prosecutor’s Office, but the outcome underscores a commitment to upholding state interests and rectifying past transactional discrepancies.
Given the impossibility of returning the aforementioned land plot to the state, the court’s verdict mandates that, upon its entry into legal force, the sum of 131,358,000 AMD will be confiscated from “Ararat Motors” LLC. This amount represents the financial equivalent of the invalidated contract, serving as a consequence of its annulment.
Broader Implications for State Asset Protection
This case highlights the ongoing efforts by the Armenian Prosecutor’s Office to scrutinize past agreements and recover assets or funds that are deemed to have been improperly transferred from state ownership. Such actions are crucial for ensuring transparency, accountability, and the proper management of public resources.
The recovery of this substantial sum is expected to contribute to the state budget, potentially funding various public initiatives and services. It also sends a clear message regarding the government’s resolve to combat corruption and ensure that state assets are utilized for the benefit of the wider public.
Further details regarding the specific grounds for the contract’s invalidation and the timeline for the confiscation of funds are anticipated to be released by the Prosecutor General’s Office in due course. This development is part of a broader trend of legal actions aimed at strengthening state control over national assets and ensuring legal compliance in property transactions.
