As part of illicit asset forfeiture proceedings, the Anti-Corruption Court, acting on a motion filed by the Prosecutor General's Office, has ordered that Araratcement CJSC be placed under the management and safekeeping of the Republic of Armenia.

On October 9, 2023, the Prosecutor General's Office filed a lawsuit with the Anti-Corruption Court against Gagik Tsarukyan and persons affiliated with him, seeking the confiscation of assets alleged to have been acquired through illicit means.

Among the assets listed in the claim, prosecutors are seeking the confiscation in favor of the Republic of Armenia of the shares of Araratcement CJSC, alleging that they constitute property of illicit origin.

Within the framework of the same proceedings, on July 13, 2026, the Prosecutor General's Office submitted a motion to the Anti-Corruption Court requesting an interim measure to transfer the management and safekeeping of Araratcement's shares to the Republic of Armenia. The court granted the motion in a ruling issued on July 15, 2026, placing the management and safekeeping of the company's shares under the state's control.

In addition, the lawsuit seeks the confiscation from Gagik Tsarukyan of:

• 75 real estate properties and the market value of 10 additional properties, including 57 located in Yerevan;
• 42 vehicles;
• Ownership interests in 38 legal entities, including Multi Group Concern LLC, Multi Avtotrans LLC, Onira Club LLC and other companies;
• 105.865 billion drams, including the remaining alleged illicit income and expenditures, as well as issued loans, assigned claims and the market value of five vehicles.

Since the early morning of July 6, officers of the National Security Service, the State Revenue Committee and the Ministry of Internal Affairs Police have carried out simultaneous searches at more than 70 locations, including Tsarukyan's residence and companies linked to him. Tsarukyan was detained. Early on July 7, the Court of General Jurisdiction of Avan and Nor Nork administrative districts considered the request for his pretrial measure, and by the end of the day ordered his detention for two months.