MP Davit Haroutyunyan: 8 Million AMD Worth of Old Coins and Paintings

Grisha Balasanyan

11:45, July 11, 2012

Davit Haroutyunyan, who heads the Standing Committee on State and Legal Affairs of the RA National Assembly, enjoys a popular image of a low-key MP who lives solely on his salary and has no businesses on the side.

Press reports, however, have linked Haroutyunyan to a number of businesses but he reports nothing but his salary in his income and asset disclosures.

In 2011, Haroutyunyan only reported his 3,652,680 AMD salary as income, while his cash deposits at the end of the year totalled 5 million.

He started the year with 3.5 million.

In 2010, his income was 3.5 million and 3.4 million in 2009.

Haroutyunyan’s wife Narine Manoukyan declared her 72,000 AMD salary as her only income source in 2011 and declared $50,000 in the bank.

Davit Haroutyunyan is known to be an antiques aficionado and owns 198 gold and silver Russian coins and owns a collection of paintings. These items, according to his asset disclosure, are worth some 8 million AMD.

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Comments (2)

1. bulbulyan18:58 - 14 July, 2012

Mr HETQ. How much money you have saved up in the bank?. Please let us know.

2. Levon T11:29 - 15 July, 2012

Davit Haroutyunyan is probably one of the dirtiest politicians in Armenia today who has used his position to enrich himself in the tune of millions of dollars through his brothers' law firm which represents many gov't connected transactions with supposedly "foreign" investors that are registered in off shore accounts but in reality are top gov't officials all the way to the former and current president. Harutunyans' law firm in essence legitimizes all the theft of natural resources (mines of gold, metal, rock,...) to Armenian officials, and prime real estate taken away by gov't order and given to off shore accounts, while he gets a cut through his brothers's law firm.