During a discussion on the package of bills on confiscation of illegal assets held during the session of the Standing Committee on State and Legal Affairs of the National Assembly of Armenia, Minister of Justice Rustam Badasyan declared that the package of bills will provide the opportunity to launch the process of confiscation of illegal assets.
Badasyan said the best international practice was explored and introduced during development of the bills and added that the Ministry of Justice is ready to develop the presented package. He also stated that the aim of the legislative initiative is to seize illegal assets and return them to their rightful owners, and in case of absence of the latter — to the State. According to him, the beneficiaries of the bill aren’t law-abiding citizens since there are specific types of crimes listed in the plan, including organized crime, illegal circulation of narcotic drugs, weapons, trafficking and corrupt transactions., and proceedings may be launched in case a criminal case is instituted under the specified points.
The legislative initiative was approved by the Committee after a couple of hours of discussions.