Armenian prosecutors seek forfeiture of former official’s assets
The Prosecutor General's Office of Armenia seeks the confiscation of expensive property and other assets of a former official accused of illicit enrichment.
Prosecutors have asked the Anti-Corruption Court to allow the forfeiture of assets worth over $500,000 from the ex-official of the Ministry of Labor and Social Affairs, identified as Zh.H., and the suspect’s close associate, the law enforcement agency revealed on Tuesday.
They include real estate in Yerevan, bank deposits and funds of "illicit origin".
Under a law enacted by the Armenian government in 2020, prosecutors can seek asset forfeiture in case of having sufficient grounds to suspect that the market value of an individual’s assets exceeds their “legal income” by at least 50 million drams (around $130,000).
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