Yerevan seeks World Bank’s support in returning stolen public assets

Yerevan seeks World Bank’s support in returning stolen public assets

First Vice Premier of Armenia Ararat Mirzoyan has asked the World Bank to assist the Armenian authorities in their efforts to bring the financial resources illegally taken from the country back. 

"It is not secret that in corrupted societies the financial means accumulated through corruption, embezzlement and other illegal ways are very often taken from the country and moved to other countries for relatively safe harbor," he posts on his Facebook page. 

"To put an end to this vicious practice and return the stolen public assets, the World Bank and UNODC have created the Stolen Asset Recovery Initiative instrument," ARKA cited Mirzoyan as saying.

The first vice PM said that he has launched the stolen property return process by filing a written request to the World Bank to receive Stolen Asset Recovery Initiative consulting and technical support.

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