The U.S. is seizing an LA mansion belonging to the family of an Armenian government official accused of bribery.
The U.S. is seizing a more than 30,000-square-foot Los Angeles mansion from the family of an Armenian politician, a sprawling estate on the Westside which federal prosecutors allege was paid for with millions of dollars in bribes.The home belonging to the family of Gagik Khachatryan is situated in LA's Holmby Hills neighborhood, wedged between Beverly Hills and Bel Air, and was estimated by U.S. prosecutors to be worth $63.5 million in May 2022.
He was chairman of Armenia's State Revenue Committee from 2008 to 2014 and went on to become the its Minister of Finance from 2014 to 2016.In May 2022, when prosecutors first announced plans to seize the estate, they alleged Armenian businessman Sedrak Arustamyan paid Khachatryan and his family more than $20 million in bribes for the home's purchase â money they say he paid in exchange for favorable tax treatment of his businesses.
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