Armenian Prosecutor`s Office demands confiscation of assets from  former SRC Gugark branch head

ArmInfo. The Prosecutor General's Office of Armenia is demanding the state confiscation of  movable and immovable property belonging to Asatur Sahakyan, the  former head of the Gugark branch of the State Revenue Committee  (SRC), valued at approximately 194 million drams, as noted in a  statement issued by the supervisory body.

The source notes that the Anti-Corruption Court has accepted for  review another case filed by the Prosecutor General's Office  regarding the confiscation of property of illicit origin. The  Prosecutor General's Office's Department for Confiscation of  Illegally Produced Assets filed a motion with the court to confiscate  two properties located in Yerevan, four vehicles, shares in four  legal entities, and 183,561,000 drams (the remaining amount of  illicit funds) from Asatur Sahakyan, who served as the head of the  Gugark branch of the State Revenue Committee, and related persons.

Furthermore, the department reported that an additional 10,566,000  drams, which are not justified by the individual's legitimate income  and are of illegal origin, were transferred to a bona fide purchaser  and cannot be identified and confiscated.