News - Former Yerevan Mayor's Assets Seized in Corruption Case

In a landmark ruling by the Anti-Corruption Court, 76.8 million drams have been ordered to be confiscated from Gagik Beglaryan, the former mayor of Yerevan. This decision, issued on July 7, 2026, comes as a result of a lawsuit filed by the State Prosecutor's Office, which claimed damages caused to the community during Beglaryan's tenure. The case, rooted in allegations of significant financial misconduct, saw the prosecution successfully prove that public funds were mishandled and necessitated recovery. The court determined that Beglaryan's actions had resulted in substantial losses to Yerevan's community, and the confiscated funds will now be directed towards reparative measures benefiting the local populace. Throughout the proceedings, the court meticulously evaluated evidence presented by the prosecution, corroborating the claims of asset misappropriation. As part of this ongoing initiative to enhance transparency and accountability in public office, the ruling underscores Armenia's commitment to tackling corruption at all levels. With this decisive legal action, there is a clear message that misuse of public resources will not be tolerated, and those responsible will face strict repercussions. The outcome of this case is expected to set a significant precedent for future efforts to combat corruption within the region. It marks a progressive step towards ensuring justice and restoring public trust in governmental institutions. The case is a part of broader anti-corruption reforms seeking to establish a culture of integrity and lawful governance. The recovery of misallocated funds encapsulates a successful example of legal intervention effectively addressing past administrative misdemeanors, setting a pathway for enhanced regulatory frameworks and civic trust.