RA Prosecutor`s Office identifies several violations in state  registration of lease rights for 457.79-hectare land plot owned by  Araratcement company

ArmInfo.he Prosecutor's Office of Armenia has identified several new violations in the state registration of the lease rights for a 457.79-hectare land plot  belonging to the Araratcement company, which is owned by oligarch and  leader of the Prosperous Armenia Party, Gagik Tsarukyan.

According to the supervisory authority, having identified clear  elements of a crime in the exercise of its authority to protect state  interests, the Prosecutor's Office sent a report of the crime to the  Anti-Corruption Committee on June 16, 2026. Concurrently, based on  violations identified in the state registration process for the  leasehold right, the Prosecutor General's Office filed a lawsuit with  the Administrative Court to invalidate the state registration of the  leasehold right in the name of Araratcement CJSC for a 457.79-  hectare land plot.

As a reminder, the Prosecutor General's Office also identified a  number of violations in the privatization of Araratcement CJSC, the  acquisition of 74.1 hectares of land owned by Araratcement CJSC, and  the Golden Key Sanatorium. Criminal cases have been initiated by the  Anti-Corruption Committee based on these violations.

On May 5, 2026, the Prosecutor General's Office sent a letter to the  Government of the Republic of Armenia proposing to discuss the  violations at the company and the advisability of implementing proper  management to address their consequences, including, for example, the  advisability of appointing an interim manager.

The Prosecutor General's Office is conducting an investigation to  establish the legality of the acquisition of other real estate owned  or leased by Araratcement CJSC.