The Anti-Corruption Court has trans- ferred the management and safekeep- ing of AraratCement CJSC to the Re- public of Armenia as part of ongoing illicit asset forfeiture proceedings, act- ing on a motion filed by the Prosecutor General’s Office. The measure was ordered in con- nection with a lawsuit filed by the Prosecutor General’s Office on Oc- tober 9, 2023, against businessman Gagik Tsarukyan and persons affiliat- ed with him, seeking the confiscation of assets alleged to have been acquired through illicit means. Among the assets the state is seek- ing to confiscate are the shares of Ara- ratCement CJSC. On July 13, 2026, the Prosecutor General’s Office petitioned the Anti- Corruption Court to impose an interim measure by transferring the manage- ment and preservation of the com- pany’s shares to the state. The court granted the request on July 15, placing the shares under the management and protection of the Republic of Armenia. The broader lawsuit also seeks the confiscation from Tsarukyan of: 75 real estate properties and the market value of 10 additional proper- ties, including 57 located in Yerevan; 42 vehicles; Participation in 38 legal entities, including Multi Group Concern LLC, Multi Avtotrans LLC, Onira Club LLC, and other companies; AMD 105.87 billion, representing the alleged proceeds of illicit income, related expenditures, outstanding loans, assigned claims, and the market value of five vehicles. The case is being examined under Armenia’s law on the confiscation of property of illicit origin. The court’s latest decision concerns an interim measure and does not constitute a final ruling on the merits of the confiscation claim.