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Gagik Aghbalyan

Gyumri Mayor Acquires 3 Private Homes "Overnight"

The list of properties owned by Samvel Balasanyan has dramatically changes since he became mayor of Gyumri, Armenia’s second largest city, for years ago.

After being reelected mayor during a muncipal council boycott on October 2, Balasanyan filed a financial disclosure as per the law.

He declared three private houses, a manufacturing unit, and other properties.

Balasanyan owned none of these properties before becoming Gyumri mayor in 2012.

The three private homes never appeared in the disclosure Balasanyan filed in 2013, 2014 or 2015.

The law, however, states that any acquisition or sale of property by officials and their spouses must be duly recorded in said disclosures.

As for cash assets, Balasanyan declared 2.9 million AMD (US$6,100) and $13,000. The Gyumri mayor only declared revenue of 2.078 million AMD in wages.

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