Armenia's Prosecutor General's Office Demands the Return of Multi Group Properties on the Shores of Lake Sevan
08.07.2026,
12:03
The Prosecutor General's Office of Armenia is demanding the return of residential buildings, a plot of land, and other structures located on the shores of Lake Sevan, which, according to the office, are illegally owned by Multi Group Concern LLC, to state ownership.
YEREVAN, July 8. /ARKA/. The Prosecutor General's Office of Armenia is demanding the return of residential buildings, a plot of land, and other structures located on the shores of Lake Sevan, which, according to the office, are illegally owned by Multi Group Concern LLC, to state ownership.
According to the office's press service, the Anti-Corruption Court has accepted the lawsuit in defense of state interests.
The defendants in the case include Beglu CJSC, the State Property Management Committee, Prosperous Armenia Party leader and businessman Gagik Tsarukyan, Multi Group Concern LLC, and the Sevan National Park State Non-Commercial Organization.
The Prosecutor General's Office is asking the court to invalidate the agreement of November 29, 1996, as well as a number of subsequent transactions and registration actions related to this property.
As a result, the Prosecutor General's Office is demanding the return of a 0.29114-hectare land plot to the Republic of Armenia, along with the real estate located thereon: residential buildings with a total area of 425.12 square meters, a pier with an area of 23.04 square meters, and a fence with an area of 100.8 square meters.
At the same time, the Anti-Corruption Court granted the Prosecutor General's Office's motion for interim measures. Until the case is heard on the merits, the defendants are prohibited from taking any actions that could lead to a change in the ownership of the disputed property or a change in its actual status.
About Tsarukyan's case
As part of the criminal case against businessman and leader of the Prosperous Armenia Party, Gagik Tsarukyan, another person has been arrested and another detained.
Tsarukyan was arrested on July 6. According to investigators, the group organized by Tsarukyan was engaged in fraud and money laundering on an especially large scale. According to case files, between 2022 and 2024, under the guise of developing trade relations with Iran, they stole property worth over 8.1 billion drams (approximately $21 million) and subsequently laundered the proceeds.
On July 7, the court ordered Gagik Tsarukyan's pretrial detention for two months. According to the Investigative Committee, he was arrested on charges of large-scale fraud and money laundering. His lawyers say Tsarukyan will serve his sentence in the Kentron Penitentiary, and his defense will appeal the ruling to a higher court after receiving the court's decision.
According to the office's press service, the Anti-Corruption Court has accepted the lawsuit in defense of state interests.
The defendants in the case include Beglu CJSC, the State Property Management Committee, Prosperous Armenia Party leader and businessman Gagik Tsarukyan, Multi Group Concern LLC, and the Sevan National Park State Non-Commercial Organization.
The Prosecutor General's Office is asking the court to invalidate the agreement of November 29, 1996, as well as a number of subsequent transactions and registration actions related to this property.
As a result, the Prosecutor General's Office is demanding the return of a 0.29114-hectare land plot to the Republic of Armenia, along with the real estate located thereon: residential buildings with a total area of 425.12 square meters, a pier with an area of 23.04 square meters, and a fence with an area of 100.8 square meters.
At the same time, the Anti-Corruption Court granted the Prosecutor General's Office's motion for interim measures. Until the case is heard on the merits, the defendants are prohibited from taking any actions that could lead to a change in the ownership of the disputed property or a change in its actual status.
About Tsarukyan's case
As part of the criminal case against businessman and leader of the Prosperous Armenia Party, Gagik Tsarukyan, another person has been arrested and another detained.
Tsarukyan was arrested on July 6. According to investigators, the group organized by Tsarukyan was engaged in fraud and money laundering on an especially large scale. According to case files, between 2022 and 2024, under the guise of developing trade relations with Iran, they stole property worth over 8.1 billion drams (approximately $21 million) and subsequently laundered the proceeds.
On July 7, the court ordered Gagik Tsarukyan's pretrial detention for two months. According to the Investigative Committee, he was arrested on charges of large-scale fraud and money laundering. His lawyers say Tsarukyan will serve his sentence in the Kentron Penitentiary, and his defense will appeal the ruling to a higher court after receiving the court's decision.
