Armenia's Prosecutor General is seeking to confiscate 417.6 billion Armenian Dram -- approximately $1.04 billion -- from current and former officials accused of corruption. The numbers come from the Prosecutor's own 2023 Annual Report to the National Assembly, a 164-page document that OWL recovered from the Wayback Machine.
The scale is staggering. The total pending confiscation claims exceed one billion dollars -- in a country with a GDP of approximately $24 billion. The Prosecutor is attempting to seize roughly 4% of the nation's entire economic output from a handful of individuals.
The Targets and the Numbers
All major confiscation cases were filed on the same day: October 9, 2023. Here are the named targets:
| Target | Former Position | Properties | Companies | Vehicles | Total Claim (AMD) | ~USD |
|---|---|---|---|---|---|---|
| Gagik Tsarukyan | Oligarch, ex-MP | 79 | 39 | 42 | 86.48 billion | $216M |
| Robert Kocharyan | 2nd President | 25 | 16 | -- | 35 billion+ | $87.5M+ |
| Gagik Khachatryan | Finance Minister | ~200 | 29 | -- | -- | $23M+ loans |
| Hovik Abrahamyan | Prime Minister | 59 (12 in Ararat) | 20 | -- | 18.75 billion | $47M |
| Mher Sedrakyan | Erebuni district head | -- | -- | -- | 11 billion | $27.5M |
| Robert Nazaryan | Utilities regulator | 8 | -- | -- | -- | $1.7M |
| Total pending claims | 417.6 billion | $1.04B | ||||
Gagik Tsarukyan: $216 Million -- The Largest Single Claim
The oligarch and former parliamentarian faces the largest confiscation demand in Armenian history: 86.48 billion AMD. The Prosecutor seeks to seize 79 properties, 42 vehicles, and shares in 39 companies. OWL's separate investigation using official beneficial ownership filings confirmed that Tsarukyan declared himself as a Politically Exposed Person (PEP) with 34.17% ownership of his Multi Group conglomerate.
Gagik Khachatryan: The $22 Million Bribe
The former chairman of the Public Expenditure Committee and finance minister faces allegations involving approximately 200 properties, $23 million in loans, and 29 companies. The most explosive detail: the Prosecutor alleges Khachatryan received a $22 million bribe from Multi Group Concern -- Tsarukyan's company -- laundered through BVI entities named VETO GROUP, VETO TRUST, and WEST COAST ESCROW.
This directly connects two of the largest confiscation targets: Tsarukyan's $216 million empire allegedly paid $22 million in bribes to the man who regulated taxation.
Hovik Abrahamyan: 12 Properties in Ararat Province
The former Prime Minister's confiscation case includes 59 properties, $11.3 million plus EUR 3.1 million in loans, and shares in 20 companies. Notably, 12 of his 59 properties are in Ararat Province -- the same region central to OWL's Movsesyan investigation, where police chief Artavazd Sargsyan operates and the Movsesyan poultry factory is located.
152 Officials Prosecuted -- 141% Increase
The 152 prosecuted officials include a former police chief, a former mayor, a former ambassador, 37 military officials, and 36 police officers. The 17.175 billion AMD recovered in 2023 alone exceeds the combined total of the previous four years (14.576 billion).
The Legal Weapon: Confiscation Without Conviction
Perhaps the most significant finding in the report is a legal precedent. The Ashot Sukiasyan Cassation Court ruling established that the criminal origin of laundered assets can be proven without a prior conviction for the predicate offense.
This means the Prosecutor can confiscate property by proving it came from illegal activity -- even if the original crime was never prosecuted. This dramatically lowers the bar for all confiscation cases and explains the surge in filings.
What the Report Does Not Say
The 2023 report covers cases filed through December 2023. It does not include the Movsesyan confiscation case (HKD/0136/02/25, filed June 2025) or the related criminal prosecution (HKD/0100/01/25). However, the same legal mechanisms -- Anti-Corruption Court, confiscation without prior conviction, named respondent lists -- are being used in the Movsesyan case.
The report also does not explain why, despite 152 prosecutions and $1 billion in confiscation claims, Mari Movsesyan still works at the Criminal Court of Appeals while being named as Respondent #4 in a confiscation case.
$1.04 billion in pending confiscation claims from a country with a $24 billion GDP.
152 officials prosecuted for corruption in a single year.
All major cases filed on the same day: October 9, 2023.
One legal precedent that makes it all possible: confiscation without conviction.
Source: Prosecutor General of Armenia, 2023 Annual Report to the National Assembly (164 pages). Recovered from the Wayback Machine. Full text extracted and analyzed by OWL.