// IP Marketing video - START// IP Marketing video - END

Armenia parliament votes to outlaw unexplained wealth

Armenia parliament votes to outlaw unexplained wealth

PanARMENIAN.Net - The Armenian National Assembly on its second and final reading unanimously approved a law on the criminalization of illicit enrichment.

All the 100 lawmakers voted in favor of the new bill.

Prime Minister Karen Karapetyan in early November instructed Justice Minister Arpine Hovhannisyan to introduce a bill on the criminalization of unexplained wealth to help combat corruption.

The law stipulates that those illegally enriched officials whose increase of capital and/or reduction in commitments unreasonably exceed their legitimate income, will be imprisoned for three to six years.

The law will come into effect beginning July 1, 2017.

 Top stories
In particular, the three companies will cooperate to boost investments in biotechnology and clinical research in Armenia
Baddiel and Herring travelled to the Armenian capital of Yerevan for the opening episode of the Brewster's Millions-inspired show.
The pint-sized metropolis of the country, Yerevan punches far above its weight in terms of arty offerings, author Neeta Lal says.
Authored by entrepreneurs Maxim Sychev and Seyran Harutyunyan, Armenia's first-of-its-kind bobsleigh runway will open on July 1, 2018.
Partner news