Home Former Yerevan Deputy Mayor Karen Davtyan Faces Seizure of Assets Worth Over 230 Million AMD

Former Yerevan Deputy Mayor Karen Davtyan Faces Seizure of Assets Worth Over 230 Million AMD

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Prosecutor’s Office Seeks Confiscation of Assets from Former Yerevan Deputy Mayor

Yerevan, September 4, 2026 – The Anti-Corruption Court has accepted a lawsuit filed by the General Prosecutor’s Office regarding the confiscation of property of illicit origin from Karen Davtyan, former Deputy Mayor of Yerevan and former Deputy Head of the State Committee of Real Estate Cadastre. The lawsuit seeks to seize over 230 million AMD and more than 20 immovable and movable properties from Davtyan and his affiliated persons in favor of the Republic of Armenia.

According to the General Prosecutor’s Office, the department for confiscation of property of illicit origin has submitted a demand to the court to seize a significant amount of assets. These assets include:

  • 14 immovable properties, 9 of which are located in the Kentron administrative district of Yerevan.
  • The right to purchase 1 immovable property also located in the Kentron administrative district of Yerevan.
  • 8 vehicles.
  • Participation in 10 legal entities.
  • 105,171,000 AMD as the balance of illicit monetary funds.
  • 124,000,000 AMD, which is not justified by the individual’s legal income, has an illicit origin, has been transferred to a bona fide acquirer, or cannot be identified and confiscated.

The total value of the assets sought for confiscation highlights the scale of the alleged illicit enrichment. This action is part of a broader effort by the General Prosecutor’s Office to combat corruption and recover state assets.

Ongoing Anti-Corruption Efforts in Armenia

This case is one of several recent actions taken by the General Prosecutor’s Office. In a related development, the prosecutor’s intervention led to the return of the 5th land plot located in the city park to the Ararat community. The General Prosecutor also participated in the event marking the beginning of the academic year at “Heratsi” High School, emphasizing the importance of education for the benefit of others.

The General Prosecutor’s Office continues its efforts to protect state interests, including organizing student prosecutor competitions for law faculty students and recovering illegally privatized land plots across various regions of Armenia. Recently, a 0.03-hectare land plot was returned to the Yeghegnadzor community in Vayots Dzor province, and two land plots totaling 2.21 hectares were returned to the Ashotsk community in Shirak province. Another land plot in the Ijevan city park was also returned to the community.

Furthermore, the General Prosecutor’s Office demanded the confiscation of approximately 385 million AMD and 3 immovable properties from former Minister of Education and Science Armen Ashotyan. These actions underscore the government’s commitment to tackling corruption at various levels of public administration.

Public Reaction and Future Implications

The ongoing investigations and confiscations signal a strong stance against corruption within Armenia’s public sector. Such measures are aimed at restoring public trust and ensuring accountability among public officials. The outcome of these high-profile cases will likely have significant implications for future anti-corruption efforts and the broader legal landscape in Armenia.

The General Prosecutor’s Office has reiterated its commitment to pursuing all cases of alleged illicit enrichment, ensuring that unlawfully acquired assets are returned to the state. The legal proceedings against Karen Davtyan will be closely watched as they progress through the Anti-Corruption Court.

Source: https://www.pastinfo.am/hy/news/2026/09/04/2100102102/1979726

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