Anti-Corruption National Initiative
ANTI-CORRUPTIONNATIONALINITIATIVE

The property of “Nairit 2” Was Sold for Around 60% Below Its Assessed Value

The legality of the forced sale of property carried out by the Compulsory Enforcement Service of the Ministry of Justice of the Republic of Armenia was examined under the supervision of the State Supervision Service.

The inspection found that in 2025, during the sale of property belonging to the 100% state-owned “Nairit 2” CJSC, with an assessed market value of AMD 420.8 million, a decision to suspend the enforcement proceedings and a proposal to the company to apply to the bankruptcy court within 90 days, given the existence of grounds for bankruptcy, were sent to the wrong address. As a result, the company was deprived of the opportunity to properly carry out the actions prescribed by law within the stipulated period.

In addition, the public notice for the compulsory electronic auction contained inaccurate information concerning the property being pledged as collateral and the transfer of liabilities amounting to AMD 6.07 billion to the new owner.

As a result of abuse of official powers and violations of the bidding procedure, incomplete information regarding restrictions on the property limited the actual opportunity for other persons to participate, and the property was sold at auction for AMD 167.8 million, around AMD 250.0 million below its assessed value.

In connection with the reported incident, a crime report was submitted to the Prosecutor General’s Office, and criminal proceedings have been initiated.

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Infocom: Some Expenses of Officials Who Donated to Civil Contract Are Not Substantiated by Their Declarations

An investigation by “Infocom” has revealed discrepancies between the income, monetary assets, and expenses of a number of officials who made donations to the Civil Contract party in 2025. In some cases, the income reported in their declarations is insufficient to substantiate their expenses, while several officials have provided explanations regarding undeclared income.

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Verelq: Prosecutor’s Office Demands Confiscation of the “Ayrarat” Cinema Building

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“Hetq”: Prosecutor’s Office Challenges Auction of Former Kindergarten Acquired by Gurgen Arsenyan’s Company

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Factor.am: Mikael Minasyan Summoned to the Prosecutor’s Office: Who Else Is Listed in the Same Proceedings With Him

On October 9, Mikael Minasyan, Armenia’s former ambassador to the Vatican, who has not been in Armenia for nearly six years and is wanted, was summoned to the Prosecutor General’s Office of Armenia. The Prosecutor’s Office intends to recover from him and persons associated with him property of alleged unlawful origin.

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Suren Papikyan’s Assets: New Property in Kentron and Income of 36 Million Drams

Suren Papikyan’s 2025 declaration, as Minister of Defense, has come under the scrutiny of the Zhoghovurd daily newspaper. As the newspaper writes, over the past year the minister acquired two new real estate properties in Yerevan’s Kentron administrative district. According to the declaration, on August 25, Papikyan acquired an apartment for 69 million 408 thousand 979 drams, and on November 27, a parking space for 11 million 881 thousand 200 drams. The declared value of the two properties together amounts to 81 million 290 thousand 179 drams.

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