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Grisha Balasanyan

PM Sargsyan: Cash Holdings Jump From $22K to $859K in Under 3 Years

RA Prime Minister Tigran Sargsyan appears to have been busy amassing large amounts of cash lately.

Evidence of this are his recent asset and revenue disclosure statements he’s obligate to make as a government official.

PM Sargsyan has a number of accounts in various banks from which he derives a large amount of interest income.

He’s declared 35 million AMD and $859,000 in cash as of the end of 2011. This is in addition to his 3,334,080 AMD salary and the 211,000 AMD in speaking fees.

In comparison, he only declared 17.2 million AMD and $22,000 in cash in 2009.

Tigran Sargsyan’s wife Gohar is also an individual of means, even though she claims no gainful employment.

At the beginning of 2011, she declared 12 million AMD  and $119,823 in cash holdings. By the end of the year these amounts grew to 15 million AMD and $128,920.

PM Sargsyan also has a number of real estate holdings – a 122 square meter apartment on Yeghishe Charents Street, a 134 s.m. private home on Vshtuni Street and he’s a co-owner of a 93 s.m. apartment on Baghramyan Street in Yerevan.

Comments (7)

Karla markayan
Being rich is no crime.... The fact that Mr Prime Minister discloses his personal wealth for the world to see is something Armenians should be proud about.
Sahak
Being rich may be no crime but what is a crime is using the power of the office to amass such riches.
mahmouzian
let him exp[ain how he did it .in so little time .but we all know it is state secret .
Baron
Hargeli hetq.am, im komentneri hamar es patasxanatu em, aynpes vor karox eq azat texadrel, te che inch vor koxmnakalutyan tpavorutyun e stexcvum
Baron
Tigranchik, zgushacir, et poxer@ bkit en mnalu, Qadafiic lav txa chlines...
Mihran
aj joxovurd inchi hetevic eq ynkel? Um haskanali che vor naman mardu hamar nshvac gumarnery (ete ajdqanne miajn) shat qich en qan karoxein linel, hetoel mi moraceq vor minch varchapet linely na bazmathiv tariner kentronakan banki naxagahn er ajnpes vor lavel hamesta vor yndhameny ajdqanna
Samson
Paron varchapet, tesnum eq te henc dzer ashxatakazmic inch tvyaner en durs galis. Zarmanum em dranc vonc eq vstahum

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