"The Yerevan 'Ararat' brandy-wine-vodka factory" has been handed over to the management and preservation of the Republic of Armenia. The request of the Prosecutor General's Office has been granted.
"The Yerevan 'Ararat' brandy-wine-vodka factory" has been handed over to the management and preservation of the Republic of Armenia. The request of the Prosecutor General's Office has been granted.
31-07-2026 17:40 Armenia Human Rights
In the framework of the proceedings for the confiscation of property of illegal origin, based on the request of the Prosecutor General's Office, the shares of the "Yerevan 'Ararat' Brandy-Wine-Vodka Factory" LLC have been handed over to the management and preservation of the Republic of Armenia by the decision of the Anti-Corruption Court:
"It should be noted that on October 9, 2023, the Prosecutor General's Office submitted a claim to the Anti-Corruption Court against Gagik Kolyayev Tsarukyan and related persons regarding the confiscation of property of illegal origin:
Among other things, the claim demanded the confiscation in favor of the Republic of Armenia of the shares of the "Yerevan 'Ararat' Brandy-Wine-Vodka Factory" LLC owned by Gagik Tsarukyan as property of illegal origin:
In the context of the confiscation of property of illegal origin, on July 29, 2026, the Prosecutor General's Office submitted a request to the Anti-Corruption Court for the application of interim measures regarding the management and preservation of the shares of the "Yerevan 'Ararat' Brandy-Wine-Vodka Factory" LLC to be handed over to the Republic of Armenia.
By the court's decision on July 30, 2026, the submitted request was granted; the management and preservation of the shares of the "Yerevan 'Ararat' Brandy-Wine-Vodka Factory" LLC have been handed over to the Republic of Armenia, represented by the Ministry of Economy:
In addition, the Prosecutor General's Office is demanding the confiscation from Gagik Kolyayev Tsarukyan and related persons:
Ø 75 real estate properties, which include among others 52 apartments in the Nor Nork district, 5 apartments on Abovyan Street, 11 apartments in Kotayk Province, and other real estate properties:
Ø 10 market value of properties:
Ø 42 vehicles:
Ø 38 participations in legal entities, including "Multi Group Concern" LLC, "Multi Avtotrans" LLC, "Onira Club" LLC, and other legal entities:
Ø The monetary claim amounts to 105 billion 865 million 865 thousand drams:
It should be noted that in the framework of the confiscation of property of illegal origin, on July 13, 2026, the Prosecutor General's Office submitted another request to the Anti-Corruption Court for the application of interim measures regarding the management and preservation of the shares of "Ararat Cement" CJSC to be handed over to the Republic of Armenia:
By the court's decision on July 15, 2026, the submitted request was granted; the management and preservation of the shares of "Ararat Cement" CJSC have been handed over to the Republic of Armenia:
Prosecutor General's Office
* This text was automatically translated by Artificial Intelligence (AI).
