Ex-MP could have illegally acquired property and funds confiscated 

ArmInfo. The Anti-Corruption Court has accepted for review the Prosecutor General's Office's claim regarding the confiscation of illicit assets from Vahe Hakobyan, a former member of the Armenian parliament from the opposition Hayastan (Armenia) faction.

According to the Prosecutor General's Office, the Department for the  Confiscation of Illegally Produced Assets filed a claim for  confiscation from Vahe Albertovich Hakobyan, former governor of the  Syunik region and former member of the National Assembly of the  Republic of Armenia, and persons associated with him: his wife,  Elizaveta Petrosyan; Vahe Hakobyan's brother, Karen Hakobyan; Karen  Hakobyan's wife; and Vahe Hakobyan's daughters and parents.

In particular, the following are subject to confiscation in favor of  the Republic of Armenia: nine real estate properties; three vehicles;  one business share; Four loan claims totaling 122,614,000 AMD; two  bonds totaling 741,000 USD; two deposits totaling 240,000 USD;  4,524,816,000 AMD as the remainder of illegal funds; 2,814,926,000  AMD that are not confirmed by the person's legal income, are of  illegal origin, were transferred by a bona fide purchaser, or are  impossible to identify and seize.

On November 6, 2025, it was announced that Vahe Hakobyan, former MP  from the Armenia bloc and former head of the Revival Armenia Party,  was placed on the wanted list. "As part of the criminal case  initiated under paragraph 3 of Part 2 of Article 277 (abuse of  official authority or the resulting influence in the private sector,  which caused property damage on an especially large scale) and  paragraph 3 of Article 296 (money laundering on an especially large  scale) of the Criminal Code, the accused, Vahe Hakobyan, was placed  on the wanted list on October 31, 2025," the Prosecutor General's  Office said in a statement.

Hakobyan's name had previously been mentioned in a corruption case.  Furthermore, Hakobyan's brother and former Deputy General Director of  the Zangezur Copper and Molybdenum Combine (ZCMC), Narek Ambaryan, is  a defendant in criminal proceedings involving ZCMC.