  Armenia to recover $786,000 over illegal land deal January 27, 2026 - 16:22 AMT PanARMENIAN.Net - On January 23, Armenia’s Anti-Corruption Court invalidated a land sale agreement between former President Serzh Sargsyan and a private individual, ordering the transfer of $786,000 worth of funds to the state budget. The Prosecutor General’s Office had petitioned the court to annul the 2005 contract, which involved the sale of a 1.4514-hectare land parcel on Admiral Isakov Avenue in Yerevan’s Malatia-Sebastia district. The land deal had been signed on December 17, 2005, when Sargsyan was serving as Minister of Defense. The court upheld the prosecutor’s claim, declaring the contract null and void. As a result, the private party involved in the transaction must pay 297.98 million AMD, the equivalent of $786,000, into the state treasury.   Top stories Grigoryan added that the situation around the world and particularly in the region is very difficult. The Armenian Defense Ministry has denied Azerbaijan's accusations of violating the ceasefire. Armenian Prime Minister Nikol Pashinyan took to social media to thank his Lithuanian counterpart for the contribution. President of the Armenian parliament Alen Simonyan met with the Speaker of the Azerbaijani Milli Majlis Sahiba Gafarova.   Partner news |  Latest news Viva sees growing demand for cloud services  In recent years, medical institutions are starting to make use of Viva’s cloud servicesTurkey replacing term "Central Asia" with "Turkestan" in textbooks The Turkish Ministry of Education is replacing the term "Central Asia" with "Turkestan" in textbooks.Armenian, German presidents meet in Berlin Armenian and German Presidents Vahagn Khachaturyan and Frank-Walter Steinmeier met in Berlin.Armenia assumes presidency of Mediterranean Network of Regulatory Authorities The Commission on Television and Radio of Armenia said it expects productive cooperation in various formats. |
