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Grisha Balasanyan

Does Armenia's Parliament Speaker Have a Green Thumb? Abrahamyan & Wife Make Millions Selling Farm Produce

Here’s another example of a top Armenian official raking in the big bucks.

This time, it’s National Assembly President Hovik Abrahamyan and his wife Julieta. The source of their millions is...farming.

You might ask what does a parliamentary speaker know about tilling the land and related matters. Does the guy have a green thumb?

Even the most successful farmers would be envious, let alone your average rural residents who are up to their neck in bank debt just to work a small family plot.

In 2011, Hovik Abrahamyan had total revenues of 43.6 million AMD; some 40 million from selling agricultural produce. The other 3.6 million was his salary.

His cash assets are nothing to sneeze about either – AMD 290 million and $2 million.

Julieta is better off financially than her spouse, Last year she had AMD 300 million and $2.9 million.

Her revenues also surpass that of her husband, totalling AMD 45 million from the sale of farm produce.

Just for comparison, Hovik Abrahamyan declared AMD 29.9 million in revenue for 2009 and 25.5 million in 2010.

Whether they make their money selling the produce grown by others or on their own lands, we can’t say.

Maybe they would be nice enough to impart some of their “trade secrets” to Armenia’s other tillers of the soil.

They sure need the help.

(Photo from H. Abrahamyan's Facebook page)

Comments (8)

tufraf
All I can say is that I despise these corrupt officials who treat Armenia as their personal fiefdom and bank for themselves and their families. How they can li ve with themselves while seeing people living in horrendous condtions because of their graft, greed, corruption and outright lack of human decency.
Վարազ Սյունի (Ամստերդամ)
Հայաստանի ներկա ու խորացող ՍՈՑԻԱԼԱԿԱՆ ԱՆԱՐԴԱՐՈՒԹՅՈՒՆԸ մի օր անպայման պայթելու է.սոսկ ժամանակի հարց է:Վայ նրան ով կմնա սրա փլատակների տակ:........................................................... Svetlana(2)-Հոյակապ կոմենտ:
AndO
I am never amazed at the government officials of Armenia. They have to be the most hated, brainless, simply ignorant individuals. Man I really wish all these clowns one day are forced out or replaced by people that really should occupy those posts. There is absolutely no accountability for these brain dead ministers, hence they get away with everything. I really like to thank Hetq and all the other Armenian news agency that expose and really serve as the backbone of civil society. Without these kind of discoveries it would be impossible to put pressure and fight for change.
Gary
What planet to you fall from....Of course there is nothing wrong about having wealth, just as long as you don't exploit your governmental position and power to your financial advantage. In Armenia, oligarchs go to bed and wake up as politicians. Both look in the mirror and see the same face - that of corruption and misuse of power. That's the difference.
GB
I agree with you Markareed, but you have to know that KGB era millionaire mentality, is different from ordinary diaspora Armenian millionaire!! Armenian oligarch millionaire indirectly promoting FASCISM and dictatorship (lack of education) they are not promoting DEMOCRACY in Armenia, weakening Armenia's national security and decreasing Armenia's foreign diplomacy strength, against our natural enemies, in a complex world of today!!!! They are indirectly driving middle class Armenians out of country to Russia and European countries and promoting some criminal gangs in Burbank, USA, and keep the rest, for themselves, for future vote count!!
GEGHAM
M A R S H A L L A )))
Svetlana
Ահա թե ինչով է տարբերվում ժողովրդավարական-իրավական -դեմոկրատական պետությունը խորհրդային պետությունից՝ անհատները հարուստ են պետությունից։ Այն գումարները, որոնք պետք է լինեն պետական գանձարանում, կուտակվում են այդ անձանց և նրանց կանանց հաշիվներում։ Ով պետք է վերահսկի անաշխատ եկամուտի ստացումը։ Վերջապես. ով է պետությունը՝ժողովուրդը թե այդ անհատները, որոնք վերաբերվում են ժողովուրդին, ինչպես կամենում են։ Չէ որ նրանք հաշվետու են ամենքիս, իսկ մենք չենք պահանջում։
Կարմեն
Էդ մեկի կինը քանի դիպլոմ ունի, որտեղ է ավարտել, որ այդպես սրընթաց հարստանում է

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