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The plot of land with the value of 900 thousand US dollars, covering an area of about 1 hectare was returned to the Republic of Armenia; The verdict of the Anti-Corruption Court entered into legal force

12/03/2025

The plot of land with an area of ​​9420 square meters, located on G. Hovsepyan Street in the capital, adjacent to the TV tower, with a cadastral value of about 900 thousand US dollars, equivalent to AMD 360 million 690 thousand, approximated to the market value, was returned to the Republic of Armenia. The verdict of the Anti-Corruption Court entered into legal force.

 

The Prosecutor General's Office reported on February 4, 2025 that the Anti-Corruption Court had granted the Prosecutor General's Office's regular lawsuit to protect state interests on February 3, 2025. The Prosecutor General's Office had requested the court to declare the purchase and sale agreement signed between the Mayor of Yerevan and Bavakan Gevorgyan on May 2, 2005 invalid and apply the consequences of invalidity.