Wednesday, August 26 2026 10:34
Alexandr Avanesov

RA Prosecutor`s Office demands invalidation of number of real estate  transactions related to Gagik Tsarukyan

RA Prosecutor`s Office demands invalidation of number of real estate  transactions related to Gagik Tsarukyan

ArmInfo. The Prosecutor's Office of Armenia is demanding the invalidation of a number of real estate transactions related to Gagik Tsarukyan. The claims have been  accepted for court review. This was stated in a statement by the  supervisory authority.

According to the source, on August 7, 2026, the Kotayk Regional  Prosecutor's Office filed claims with the Anti-Corruption Court  demanding the invalidation of transactions and auctions related to a  number of real estate properties owned by Gagik Tsarukyan and persons  associated with him, and the application of the consequences of  invalidity. In the first lawsuit, the prosecutor's office demanded  that the auction for the sale of a 3.5-hectare land plot belonging to  Firma Novaya LLC be declared invalid. The plot is listed as  restricted under Article 60 of the Land Code and is not subject to  alienation. They also sought to invalidate the agreement between  Gagik Tsarukyan and Firma Novaya LLC regarding the investment of real  estate as a non-cash deposit in the company's authorized capital,  signed on October 2, 2025.

By a decision of the Anti-Corruption Court dated August 19, 2026, the  lawsuit was accepted for consideration.

On the same day, the court granted the prosecutor's office's motion  to apply a security measure for the lawsuit. Specifically, Firma  Novaya LLC was prohibited from performing any actions regarding the  3.5- hectare land plot located in the village of Arinj, Abovyan  community, Kotayk region.

In the second lawsuit, the prosecutor's office demanded that the  auction for the sale of a 14.176-hectare land plot belonging to Gagik  and Javahir Tsarukyan, as well as the real estate purchase and sale  agreement signed on February 15, 2003 between Aramik Sedrakyan,  Gayane Sedrakyan and Gagik Tsarukyan for the land plot for their  private house in the village of Arinj in the Kotayk region, and the  real estate purchase and sale agreement signed on March 14, 2013  between Aramik Sedrakyan and Gagik Tsarukyan for a 1.61- hectare land  plot, be declared invalid, applying the consequences of invalidity.

By a decision of the Anti-Corruption Court on August 19, 2026, this  claim was also accepted for review.

On the same day, the court granted the prosecutor's office's motion  to impose interim measures on the claim. Gagik Tsarukyan and Javahir  Tsarukyan were prohibited from taking any action regarding the real  estate located at the above-mentioned addresses, which amount to  12.566 hectares and 1.61 hectares, respectively.

As a reminder, on July 6, Prosperous Armenia Party leader and  businessman Gagik Tsarukyan was detained and taken to the  Investigative Committee of Armenia. He is accused of organizing fraud  and money laundering on an especially large scale. According to  investigators, between 2022 and 2024, a group operating under his  leadership, under the pretext of developing trade and economic ties  between Armenia and Iran, created joint legal entities with the  participation of Iranian citizens, after which they carried out a  fraudulent scheme, causing damages totaling over $21 million.  Furthermore, Gagik Tsarukyan faces another charge of illegal hunting.  On July 7, the court granted the prosecution's motion to remand  Tsarukyan in custody for two months. As part of the case, on July 6,  law enforcement agencies conducted searches at more than 70 addresses  associated with Tsarukyan. The doors of all businesses were  subsequently sealed.  

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