Gagik Tsarukyan`s property on Lake Sevan to be returned to Armenia

ArmInfo.  The Prosecutor's Office is demanding the return of residential buildings and structures illegally owned by Multi Group LLC in the coastal area of Lake Sevan  to the Republic of Armenia. This was stated in a statement by the  supervisory body.

The statement notes that the Anti-Corruption Court has accepted for  consideration the Prosecutor General's Office's claim against Beglu  CJSC, the State Property Management Committee, Gagik Tsarukyan, Multi  Group LLC, and the Sevan National Park State Non-Commercial  Organization (SNCO) to invalidate the agreement of November 29, 1996.

Specifically, the Prosecutor General's Office is demanding that the  state registration of title based on the purchase and sale agreement  for a 1.21-hectare land plot and house No. 7, measuring 60 square  meters, the real estate purchase and sale agreement signed between  Beglu CJSC and Gagik Tsarukyan on September 8, 2000, and the  agreement of January 12, 2001 be declared invalid. The supervisory  authority is also demanding that the lease agreement signed between  SNCO and MULTI GROUP LLC on November 25, 2025, under registration  number No. 4462, and the state registration of title, which took  place on November 28, 2025, be declared invalid.

Following the demands of the General Prosecutor's Office, a  0.29114-hectare land plot, the buildings and structures erected on  it, namely residential buildings with an area of 425.12 square  meters, a pier with an area of 23.04 square meters, and a fence with  an area of 100.8 square meters, will be returned to the ownership of  the Republic of Armenia.

The Anti-Corruption Court granted the Prosecutor's Office's motion to  apply a measure to secure the claim:  the defendant is prohibited  from taking any actions that could lead to a change in the ownership  of the real estate specified in the claim or a change in its actual  status.

As a reminder, the previous day, the Yerevan Criminal Court of  Primary Instance sentenced Gagik Tsarukyan, the leader of the  Prosperous Armenia Party and businessman, to two months' detention.  On the evening of July 7, the Investigative Committee of Armenia  released footage of Gagik Tsarukyan's arrest, which shows National  Security Service officers violently detaining the politician and  forcing him to the floor when he offered no resistance. The footage  released by the Armenian Investigative Committee provoked a negative  reaction in Armenian society. Most citizens expressed outrage at the  manner in which the 70-year-old politician, who is accused of  economic crimes, was detained. Experts called these actions against  the politician and businessman a political reprisal that had nothing  to do with justice.