The Court of Cassation partially granted the appeal of the Deputy Prosecutor General of the Republic of Armenia, giving legal force to the judicial act of the Anti-Corruption Court of First Instance.

Let us recall that the Department for Confiscation of Property of Illicit Origin of the Prosecutor General’s Office filed a lawsuit with the Anti-Corruption Court against Karapet Guloyan (former Head of the Abovyan community of Kotayk region) and his associates.

The Anti-Corruption Court, by its ruling of July 1, 2024, partially granted the claim filed by the Prosecutor General's Office of the Republic of Armenia against Karapet Guloyan /father’s name: Murad, Roza Tsarukyan /father’s name: Gagik/, third parties "Abovyan City" LLC and "Belglass" LLC regarding the seizure of property of illegal origin.

Thus, with the judgment that entered into legal force, the following will be seized from Karapet Guloyan and Roza Tsarukyan as property of illegal origin in favor of the Republic of Armenia:

• The illegal part of immovable property at 8, P. Sevak district, Arinj village, Kotayk region, which is about 90% of the immovable property;
• The entire plot of land on 29/2 Tandzaghbyur street, Tsaghkadzor community, Kotayk region;
• 2,000 shares of "ACBA BANK" OJSC;
• The right to claim 264,000 USD of the unpaid portion of the 294,900 USD loan provided to "Belglass" LLC in 2021.

In addition to the above, the following will also be seized from Karapet Guloyan in favor of the Republic of Armenia:

• AMD 934,000 as the value of 267 shares of "ELEKTRAMONTAGE" OJSC acquired in 2019;
• AMD 1,227,490,966 as an expense not justified by Karapet Guloyan's legal income, which has an illegal origin, was transferred to a bona fide acquirer during 2007-2022 or cannot be identified and seized;
• AMD 58,120,147 as the balance of illegal income, which is the amount received from the transformation or use of property of illegal origin.