Robert Nazaryan has headed Armenia’s Public Services Regulatory Commission since 2003.
As such, he basically gives the green light to proposed rate hikes for utilities like electricity, gas and water. These rates never seem to come down.
He officially declared 8,435,756 AMD and $8,300 in revenue for 2012.
At the start of 2012, he had 11 million AMD and $112,000 in the bank. By the end of the year, only 12 million AMD remained.
His wife Svetlana Kharatyan declared $24,500 in revenue for 2012. The amount was interest income.
She also had 2 million AMD and $300,000 in cash holdings last year.