$1.7 Million Loss: Anti-Corruption Court to Confiscate Assets of Armenia’s Ex-President

Armenia’s Anti-Corruption Court has partially granted a lawsuit filed by the Prosecutor General's Office seeking the confiscation of illicitly acquired assets from the republic's third president, Serzh Sargsyan, and individuals associated with him.

Armenian media reported the news, citing the Public Relations Department of the Prosecutor General's Office of the Republic of Armenia.

According to reports, the court ruling was issued on July 3, 2026.

It is noted that, once the ruling enters into legal force, assets to be confiscated for the benefit of the Republic of Armenia include approximately 630 million drams (equivalent to roughly $1.7 million), accrued interest on deposits, shares in real estate, and a parking space.

Serzh Sargsyan served as President of Armenia from April 9, 2008, to April 9, 2018, completing the two terms permitted by the Constitution. Prior to that, he was a close associate of the country's second president, Robert Kocharyan, and held the positions of Minister of Defense, Secretary of the National Security Council, and Prime Minister.

After completing his second presidential term—and despite earlier statements that he would not seek the role of head of government—Sargsyan was elected Prime Minister by the National Assembly of Armenia. His appointment, coinciding with the country's transition to a parliamentary system of government, sparked mass protests known as the "Velvet Revolution," led by Nikol Pashinyan. Just six days later, on April 23, 2018, Sargsyan resigned, stating: "Nikol Pashinyan was right. I was wrong."

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