The Anti-Corruption Committee of the Republic of Armenia has completed the investigation into a multi-episode criminal case involving former high-ranking municipal officials. Based on the evidence gathered, it has been substantiated that during his tenure as Mayor of Yerevan and Head of the Kentron Administrative District (2004–2010), G.B. abused his official position to unlawfully acquire and subsequently legalize 27 real estate properties valued at AMD 2.327 billion. These actions resulted in severe damage to the interests of the state.
Furthermore, between 2004 and 2017, G.B. engaged in money laundering by legalizing the criminally obtained assets.
One notable case involved a property belonging to Kindergarten No. 140 in the Kentron district, with a market value exceeding AMD 233 million. On December 25, 2008, G.B. placed the kindergarten’s reorganization on the municipal council's agenda, deliberately concealing his intent to acquire the property for personal benefit. Following the council’s decision, the kindergarten was reorganized and merged with another institution.
Later, G.B. influenced the then-Head of the Kentron District to lease the property to a person affiliated with him. In a subsequent move to legitimize the acquisition, G.B. transferred the property under a fictitious sale contract to that individual for just AMD 23 million, significantly below market value. The property was then resold for AMD 24 million to G.B.’s father—again under a sham contract—effectively making G.B. the true owner and concealing the illicit origin of the asset.
In a similar manner, the remaining 26 properties—also owned by the city of Yerevan and valued at over AMD 2 billion—were transferred to persons connected to G.B. through direct sale, donation, or formal but fraudulent auctions. Ultimately, all of these properties came under G.B.’s de facto ownership.
Charges have been brought against G.B., the former Head of the Kentron District, and his Deputy on multiple counts of abuse of official authority, money laundering, and incitement to commit money laundering.
During the preliminary investigation, G.B. voluntarily reimbursed approximately AMD 210 million, and legal restrictions (seizure) have been applied to the 27 properties in question to secure compensation for the damage caused to the state.
The preliminary investigation has concluded. The indictment has been confirmed by the Prosecutor, and the case has been submitted to court for consideration.
Notification. the person accused of a crime is considered innocent until his guilt is proven in accordance with the procedure established by the RA Criminal Procedure Code by a verdict entered into legal force.
