The Anti-Corruption Court has accepted another case filed by the Prosecutor General’s Office for the confiscation of illegally acquired property.
The Prosecutor General’s Office’s Department for the Confiscation of Illegally Acquired Property has filed a motion with the court to confiscate the following assets from former Chief of Police of the Republic of Armenia Valeri Osipyan and an associated individual, in favor of the Republic of Armenia:
three real estate properties located in Yerevan, two of which are in the Kentron administrative district (the cadastral value of the property, approximately equal to the market value, is 125,580,000 drams).
one piece of movable property.
48 million drams as the remaining illegally acquired funds.
42.8 million drams, the origin of which is not confirmed by the legal income of the person, which are of illegal origin, were transferred to a bona fide purchaser or cannot be identified and confiscated.