14:45,

YEREVAN, NOVEMBER 23, ARMENPRESS. Business tycoon and former MP Gagik Tsarukyan is under investigation by the Stolen Asset Recovery division of the General Prosecution.

The General Prosecution said in a statement that it launched a probe into suspected illegally obtained assets owned by Tsarukyan in 2020.

Tsarukyan and persons affiliated with him have since failed to produce any evidence proving the assets in question were obtained legally, the prosecution said.

In October 2023, the prosecution filed a motion to the Anti-Corruption Court seeking the forfeiture of multiple illegally obtained assets owned by Tsarukyan, including 79 units of real estate, 42 cars, over 340 million drams spent on eight unidentified vehicles, market value of 10 other real estate properties, shares held in 39 companies, the right to claim 63 billion drams in transactions, another 16,8 billion drams transferred to 12 unidentified individuals and companies and 86 billion 400 million drams in illegal revenue.