Prosecutor General's Office of Armenia has brought new charges against former head of the State Revenue Committee, Gagik Khachatryan
01.09.2026,
15:08
New charges have been brought against former Chairman of the State Revenue Committee of Armenia and former Finance Minister Gagik Khachatryan, the press service of the Prosecutor General's Office of Armenia reported.
YEREVAN, September 1. /ARKA/. New charges have been brought against former Chairman of the State Revenue Committee of Armenia and former Finance Minister Gagik Khachatryan, the press service of the Prosecutor General's Office of Armenia reported.
According to the agency, by a decision of the prosecutor on August 29, the previously initiated public criminal prosecution against Khachatryan was amended and supplemented, and a new public criminal prosecution was initiated.
Earlier, the Investigative Committee of Armenia decided to detain Khachatryan in criminal proceedings for subsequent presentation to court.
Bribe-taking
According to the Prosecutor General's Office, Khachatryan is accused of receiving a particularly large bribe from the director of Progress Armenia and Local Developers in 2008-2010.
According to the prosecution, Khachatryan received real estate registered to his sons in exchange for general business protection, the absence of obstacles from tax and customs authorities, relaxed controls, and the adoption of more favorable administrative decisions in certain cases.
The total value of the real estate under the formal purchase and sale agreements was 484 million drams, while its total market value at the time of the transactions was estimated at 2.2 billion drams.
Dilijan Educational Center
Another incident concerns the alleged embezzlement of 174.6 million drams of budget funds during the reconstruction and equipping of the Dilijan Educational Center.
According to the prosecutor's office, 85.5 million drams were paid for cladding work that was not actually completed. An additional 89.1 million drams, according to the prosecution, were paid to the contractor due to the excess of the average market value of the work actually completed.
Bryusov University Real Estate
Khachatryan is also accused of participating in a scheme to illegally alienate 451.1 square meters of real estate belonging to Bryusov University, valued at 208.9 million drams.
According to the prosecution, faculty salaries were artificially inflated by 25% to create an additional financial burden on the university. The university subsequently received a budget loan of 200 million drams.
The property was purchased by an individual associated with Khachatryan and his son for 215.2 million drams, and in 2017, based on a formal purchase and sale agreement for 75 million drams, it was registered in the name of Khachatryan's son.
Money Laundering
The fourth count concerns the alleged laundering of 151.1 million drams.
According to the prosecution, this relates to transactions involving a real estate complex in Gyumri, which was subsequently repeatedly used as collateral for the obligations of related third parties.
Specifically, the property was used as collateral for debts of $10 million, 4.8 billion drams, $28 million, and 30 billion drams.
Asset Confiscation
In addition to criminal proceedings, the Anti-Corruption Court is considering claims for the confiscation of illegally acquired assets from Khachatryan and persons associated with him, including his sons.
The Prosecutor General's Office is requesting the confiscation of 193 real estate properties, shares in 29 legal entities, 14 units of movable property, acquired bonds worth approximately $1.5 billion, a bank deposit of approximately $147,000, loan claims of approximately $23.1 million, 409.8 million drams, and 9,800 euros, as well as approximately 17.8 billion drams.
Gagik Khachatryan headed the State Revenue Committee of Armenia from 2008 to 2014, and served as the republic's Minister of Finance from 2014 to 2016.
A suspect or accused of an alleged crime is presumed innocent until proven guilty by a final court decision, in accordance with the procedure established by the Criminal Procedure Code of Armenia.
According to the agency, by a decision of the prosecutor on August 29, the previously initiated public criminal prosecution against Khachatryan was amended and supplemented, and a new public criminal prosecution was initiated.
Earlier, the Investigative Committee of Armenia decided to detain Khachatryan in criminal proceedings for subsequent presentation to court.
Bribe-taking
According to the Prosecutor General's Office, Khachatryan is accused of receiving a particularly large bribe from the director of Progress Armenia and Local Developers in 2008-2010.
According to the prosecution, Khachatryan received real estate registered to his sons in exchange for general business protection, the absence of obstacles from tax and customs authorities, relaxed controls, and the adoption of more favorable administrative decisions in certain cases.
The total value of the real estate under the formal purchase and sale agreements was 484 million drams, while its total market value at the time of the transactions was estimated at 2.2 billion drams.
Dilijan Educational Center
Another incident concerns the alleged embezzlement of 174.6 million drams of budget funds during the reconstruction and equipping of the Dilijan Educational Center.
According to the prosecutor's office, 85.5 million drams were paid for cladding work that was not actually completed. An additional 89.1 million drams, according to the prosecution, were paid to the contractor due to the excess of the average market value of the work actually completed.
Bryusov University Real Estate
Khachatryan is also accused of participating in a scheme to illegally alienate 451.1 square meters of real estate belonging to Bryusov University, valued at 208.9 million drams.
According to the prosecution, faculty salaries were artificially inflated by 25% to create an additional financial burden on the university. The university subsequently received a budget loan of 200 million drams.
The property was purchased by an individual associated with Khachatryan and his son for 215.2 million drams, and in 2017, based on a formal purchase and sale agreement for 75 million drams, it was registered in the name of Khachatryan's son.
Money Laundering
The fourth count concerns the alleged laundering of 151.1 million drams.
According to the prosecution, this relates to transactions involving a real estate complex in Gyumri, which was subsequently repeatedly used as collateral for the obligations of related third parties.
Specifically, the property was used as collateral for debts of $10 million, 4.8 billion drams, $28 million, and 30 billion drams.
Asset Confiscation
In addition to criminal proceedings, the Anti-Corruption Court is considering claims for the confiscation of illegally acquired assets from Khachatryan and persons associated with him, including his sons.
The Prosecutor General's Office is requesting the confiscation of 193 real estate properties, shares in 29 legal entities, 14 units of movable property, acquired bonds worth approximately $1.5 billion, a bank deposit of approximately $147,000, loan claims of approximately $23.1 million, 409.8 million drams, and 9,800 euros, as well as approximately 17.8 billion drams.
Gagik Khachatryan headed the State Revenue Committee of Armenia from 2008 to 2014, and served as the republic's Minister of Finance from 2014 to 2016.
A suspect or accused of an alleged crime is presumed innocent until proven guilty by a final court decision, in accordance with the procedure established by the Criminal Procedure Code of Armenia.
