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Edik Baghdasaryan

Controversial Wealth: How Did This Civil Servant Get His Hands on US$5.1 Million?

Here’s yet another strange but true example of Armenian government officials amassing small fortunes when their salaries as state bureaucrats can in no way account for such wealth.

The official in question is MihranPoghosyan, who has served as the Chief Compulsory Enforcement Officer of Armenia since 2008. Basically, he runs the government agency tasked with ensuring that all court judgments and decisions, civil and criminal, are carried out.

According to his biography on the website of the Compulsory Enforcement Service, Poghosyan has always been employed as a civil servant. That’s to say he’s never been engaged in private enterprise.

Birth–May 29, 1976; Yerevan

1983 - 1990 - Secondary school № 62 
1990 - 1993 - "AnaniaShirakatsi" Physical and Mathematical College
1993 - 1998 - Yerevan State University, Faculty of Economics, Qualification: Economist
1998 - 2000 - Military service in the special combat unit of the National Security Service of the 
                     Republic of Armenia
2000 - 2006 - Operative officer in Yerevan City Department of the National Security Service of the 
                     Republic of Armenia
2004 - 2006 - International Independent University of Environmental and Political Sciences, Moscow,
                     Qualification: Lawyer, Specification: Jurisprudence 
2006 - 2007 - Senior operative officer of the National Security Service of the Republic of
                     Nagorno-Karabakh, Rank: Major
2007 - 2008 - Deputy Chief Compulsory Enforcement Officer of the Republic of Armenia, Judicial Act
As of June 11, 2008 - Chief Compulsory Enforcement Officer of the Republic of Armenia, Rank: Colonel of Justice

February 20, 2012 - The rank of Major-General of Justice was conferred on him by the Decree of the President of the Republic of Armenia

The title "Honorary Professor" was conferred on him by the Scientific Council of the Law Institute of the Ministry of Justice of the Republic of Armenia. 

Awarded a PhD degree in Economics. 

Nevertheless, in March of this year, Poghosyan sued one GevorgAfandyan in a Yerevan civil court, demanding that the court seize US$5.1 million that he had loaned to Afandyan.

True to style, Poghosyan also wanted to be compensated for unpaid interest on the loan. Naturally, the question arises as to how Poghosyan, a career civil servant, got his hands on $5.1 million in the first place.

Rest assured it wasn’t from squirreling away nickels and dimes from his meager wages as a high school teacher and then college economic instructor back in the 1980s and 1990s. While rank and file citizens of Armenia want to know the source of Poghosyan’s millions, such a question doesn’t in the least interest our law enforcement officials; specifically the tax authorities.

If Poghosyan was able to loan out $5.1 million, just imagine how many millions he’s got hidden under his mattress. Out of sight, out of mind?