On August 7, the Kotayk Province Prosecutor's Office filed lawsuits with the Anti-Corruption Court concerning several real estate properties belonging to Gagik Tsarukyan and affiliated individuals. The law enforcement agency is demanding the invalidation of previously concluded transactions and auctions, as well as the application of relevant consequences of invalidity.
In the first lawsuit, law enforcement officials are challenging the October 4, 2015 auction of the land plot belonging to "Firma New" LLC, where Arinj Mall is located. The area in question covers 3.5 hectares, which fell under the list of restrictions defined by Article 60 of the Land Code and was not subject to alienation. In addition, the prosecutor's office demands the cancellation of the October 2, 2025 contract signed between Gagik Tsarukyan and the same company, under which the real estate was contributed to the company's share capital as a non-monetary deposit.
On August 19, 2026, the Anti-Corruption Court accepted the lawsuit into proceedings. On the same day, the court also granted the motion to secure the claim. "Firma New" LLC is now prohibited from carrying out any transactions regarding the 3.5-hectare land plot located in the village of Arinj.
In the second lawsuit, the prosecutor's office seeks to invalidate the January 26, 2003 auction of the land plot for the mansion belonging to Gagik and Javahir Tsarukyan in Arinj, which covers an area of 14.176 hectares. Simultaneously, a claim was filed to invalidate the purchase and sale contract of February 15, 2003 regarding 12.566 hectares, as well as the contract of March 14, 2013 regarding 1.61 hectares.
This second lawsuit was also accepted into proceedings on August 19. The court again applied interim measures, prohibiting Gagik and Javahir Tsarukyan from taking any action with respect to the mentioned 12.566 and 1.61 hectare real estate properties.
The legal challenge to large land plots and transactions belonging to Gagik Tsarukyan shows that the law enforcement system continues to examine privatization processes carried out years ago. Relying on the restrictions of Article 60 of the Land Code sets an important legal precedent, as the sale of non-alienable areas has always been one of the most controversial topics.
Now, the key question in the judicial process is how the auctions that took place decades ago and the subsequent contracts derived from them will be evaluated. Placing an injunction on the properties is the first step, but the trial itself could be quite lengthy and have a significant impact on the legal status of major property owners.
