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WikiLeaks on Armenian Oligarchs
Story from Lragir.am News:
http://www.lragir.am/engsrc/politics23112.html
Published: 13:28:51 - 27/08/2011
WikiLeaks revealed classified cables of the U.S. Embassy to Armenia.
They include a letter dated 2003-12-09 which is an informal guide to
who owns what in Armenia.
TYCOONS RELOADED: WHO CONTROLS WHAT IN ARMENIA
The following is our informal guide to who owns what in Armenia, with
the caveat that some of the information is based on rumor and
speculation.
MULTI GROUP
The Multi Group is headed by Gagik Tsaroukian (Dodi Gago), MP elected
in 2003. A former sportsman (arm wrestling), Tsaroukian is believed to
have close ties with the Kocharian family, especially the late Valeriy
Kocharian, the President's brother. Multi Group is a holding company
consisting of a number of major enterprises in different industries:
--Kotayk Brewery: a joint venture with Castel Beer
--Manana Grain: one of Armenia's major wheat importers
--Aviaservice: the GOAM sold the right to service aircrafts (catering,
etc.) in November 2003. According to Embassy sources, the President's
late brother Valeriy Kocharian's family has a stake in this business
--Armenian International Airways (AIA): Tsaroukian is believed to have
already cashed out
--Ararat winery
--Multi Group Dairy: his mother is in charge of this branch of the business
--Multi Stone: travertine export to Europe. The plant is equipped with
modern state of the art Italian stone cutting machines.
--Casino Club Cleopatra, along with a new casino (Pyramid) under construction
--Gyumri Textile plant: silent co-owner
--Farm projects: including most of the vegetables sold to the Armenian
Military forces
--Furniture Salon network: the largest importer of European furniture
in the country
--Gas stations and natural gas stations: Multi Leon chain
--Two major retail markets: GUM and MASHTOTS AVE
SIL GROUP
The SIL Group is run by Khachatur Sukiassian (Grzo), MP elected in
1999 and again in 2003. Sukiassian is the oldest son of
Grzo-the-father, and has taken control of the SIL Group. He is related
by marriage to Vano Siradeghian, the notoriously corrupt and powerful
former Minister of Internal Affairs (currently in hiding outside
Armenia). It is widely believed that the Siradeghian is one of the
major shareholders of SIL Group. He is the only businessman who both
maintains and admits his ties with ANM and is still a successful
businessman. SIL Group is one of the oldest conglomerates, engaged in
many industries, particularly:
--Restaurant chains Pizza di Roma, Queen burger, Chalet
--SIL Hotel and SIL Plaza department store
--Official distributor of Phillip Morris
--Real Estate in downtown Yerevan
--Golden Wood International: hardwood lumber, flooring strip and
finger-joint panel manufacturer
--Yerevan Furniture Plant panel manufacturer
--Armeconombank: a leading commercial bank
--Bjni mineral water plant
--Yerevan Polyplast OJSC: manufacturer of various plastic household
items, pipes, sanitation piping units, polyethylene film and bags,
linoleum and artificial leather
--Zovq Factory OJSC: Zovq natural juices factory
--Construction business (wood and panel)
--Star Valley Co. (Dubai): SIL Group's representative in UAE
--Masis Gofrotara: cardboard and napkin production
--Sevan Grain Milling Company.
MIKA LTD
MIKA Ltd. is managed by Mikhael Bagdasarov, who is believed to have
earned his primary capital in Russia. Bagdasarov is the classmate,
best friend and business partner to Defense Minister Serzh Sargsyan.
His businesses include:
--ArmSavings Bank, privatized in 2001
--Viktoria Trade: a major wheat importer
--Mika Trading: oil products imports and distribution (including 40
percent of gasoline imports)
--Armavia: chartered flights to major Russian cities
--Hrazdan Cement Plant, renamed to Mika Cement
--Gas station chains (called MIKA)
--Mineral water bottling in Dilijan (Dilijan Frolova)
--Other major businesses in Russia and Europe
GRAND GROUP
The GRAND Group is run by Hrant Vardanian, a businessman with Russian
capital and under the President's protection. Although he is not an
MP, his son, Mikhael Vardanian was elected as MP (2003) on the Dashnak
party proportional list. Vardanian enjoys strong popularity within the
general public as a successful industrialist and director who reopened
several major Soviet-era plants. His businesses include:
--Grand Candy: major Armenian producer of chocolates, sweets, ice creams, etc.
--Grand Tobacco: partner with Ruben Hairapetian (Nemets Rubo) and
International Masis Tabak (there has been some conflict between the
two major cigarette producers)
--Grand Sun: production of bulbs and lamps on the basis of the
privatized Lamp factory. Built a similar factory in Iran.
--Alcohol production
--Several Company stores and cafe chains
HAYRAPETIAN FAMILY
The Hayrapetian family owns the 'Hayrapetian Brothers' Company. Close
to the President's office, especially to advisor Alexan Harutiunian.
The younger brother died in a car accident earlier this year. Current
business activities:
--'Hayastan' Department store
--Hotel Ararat
--BMW dealer
--Erebuni Textile production plant
--Hotel on Lake Sevan shore
--Other additional minor businesses
RUBEN HAYRAPETIAN
Ruben Hayrapetian, a.k.a. Nemets (German) Rubo. Hayrapetian is the
current Chairman of the Armenian Football Federation. MP (elected in
2003), former Prefect of Avan Community. Hayrapetian appears to be
supported by the President's office. Current business activities:
--Co-owner of Grand Tobacco
--Aragats textile production plant
--Harsnaqar hotel on Sevan shore
--Several gas stations
--Other additional minor businesses
HARUTIUN PAMBUKIAN
Harutiun Pambukian is an MP elected in 1999 and 2003. He defeated Rubo
the Flower (Ruben Gevorgian) in the race in Davidashen district.
Pambukian is a relatively recent oligarch and major financial
supporter of the Presidential campaign in 2003. Believed to have
support of Russian capital. Major known business activities:
--Max Group: farms, gas stations
--Lusakert Poultry Plant
--Yeghvard Animal Feed Plant
--Stakeholder in Midland Resources: owner of electricity distribution networks
SAMVEL ALEKSANIAN
Samvel Aleksanian is also known as 'Lfik Samo.' Elected Member of
Parliament in 2003. A semi-criminal oligarch, Aleksanian maintains an
army of bodyguards. He boasts little formal education (maybe the least
among oligarchs). Close to the President's office. Tries to resemble
Dodi Gago in everything: his house has the same architecture, he
drives the same make of cars, etc. He has the following legal
businesses:
--Lusastgh (Shining Star): produces vodka and vegetable oil, owns supermarkets
--Informal 'Feudal Lord' of Malatia (a district in Yerevan)
--Major importer of wheat, sugar and butter. Anti-monopoly
Committee recently looked into his case, and admitted that there is a
monopoly in sugar and butter importation. Due to his very close ties
with the Customs Committee, he is able to import products with best
possible privileges, thus minimizing competition in the market for his
company
--Natali Pharm: imports and distributes drugs
--Other additional minor businesses
Story from Lragir.am News:
http://www.lragir.am/engsrc/politics23112.html
Published: 13:28:51 - 27/08/2011
WikiLeaks revealed classified cables of the U.S. Embassy to Armenia.
They include a letter dated 2003-12-09 which is an informal guide to
who owns what in Armenia.
TYCOONS RELOADED: WHO CONTROLS WHAT IN ARMENIA
The following is our informal guide to who owns what in Armenia, with
the caveat that some of the information is based on rumor and
speculation.
MULTI GROUP
The Multi Group is headed by Gagik Tsaroukian (Dodi Gago), MP elected
in 2003. A former sportsman (arm wrestling), Tsaroukian is believed to
have close ties with the Kocharian family, especially the late Valeriy
Kocharian, the President's brother. Multi Group is a holding company
consisting of a number of major enterprises in different industries:
--Kotayk Brewery: a joint venture with Castel Beer
--Manana Grain: one of Armenia's major wheat importers
--Aviaservice: the GOAM sold the right to service aircrafts (catering,
etc.) in November 2003. According to Embassy sources, the President's
late brother Valeriy Kocharian's family has a stake in this business
--Armenian International Airways (AIA): Tsaroukian is believed to have
already cashed out
--Ararat winery
--Multi Group Dairy: his mother is in charge of this branch of the business
--Multi Stone: travertine export to Europe. The plant is equipped with
modern state of the art Italian stone cutting machines.
--Casino Club Cleopatra, along with a new casino (Pyramid) under construction
--Gyumri Textile plant: silent co-owner
--Farm projects: including most of the vegetables sold to the Armenian
Military forces
--Furniture Salon network: the largest importer of European furniture
in the country
--Gas stations and natural gas stations: Multi Leon chain
--Two major retail markets: GUM and MASHTOTS AVE
SIL GROUP
The SIL Group is run by Khachatur Sukiassian (Grzo), MP elected in
1999 and again in 2003. Sukiassian is the oldest son of
Grzo-the-father, and has taken control of the SIL Group. He is related
by marriage to Vano Siradeghian, the notoriously corrupt and powerful
former Minister of Internal Affairs (currently in hiding outside
Armenia). It is widely believed that the Siradeghian is one of the
major shareholders of SIL Group. He is the only businessman who both
maintains and admits his ties with ANM and is still a successful
businessman. SIL Group is one of the oldest conglomerates, engaged in
many industries, particularly:
--Restaurant chains Pizza di Roma, Queen burger, Chalet
--SIL Hotel and SIL Plaza department store
--Official distributor of Phillip Morris
--Real Estate in downtown Yerevan
--Golden Wood International: hardwood lumber, flooring strip and
finger-joint panel manufacturer
--Yerevan Furniture Plant panel manufacturer
--Armeconombank: a leading commercial bank
--Bjni mineral water plant
--Yerevan Polyplast OJSC: manufacturer of various plastic household
items, pipes, sanitation piping units, polyethylene film and bags,
linoleum and artificial leather
--Zovq Factory OJSC: Zovq natural juices factory
--Construction business (wood and panel)
--Star Valley Co. (Dubai): SIL Group's representative in UAE
--Masis Gofrotara: cardboard and napkin production
--Sevan Grain Milling Company.
MIKA LTD
MIKA Ltd. is managed by Mikhael Bagdasarov, who is believed to have
earned his primary capital in Russia. Bagdasarov is the classmate,
best friend and business partner to Defense Minister Serzh Sargsyan.
His businesses include:
--ArmSavings Bank, privatized in 2001
--Viktoria Trade: a major wheat importer
--Mika Trading: oil products imports and distribution (including 40
percent of gasoline imports)
--Armavia: chartered flights to major Russian cities
--Hrazdan Cement Plant, renamed to Mika Cement
--Gas station chains (called MIKA)
--Mineral water bottling in Dilijan (Dilijan Frolova)
--Other major businesses in Russia and Europe
GRAND GROUP
The GRAND Group is run by Hrant Vardanian, a businessman with Russian
capital and under the President's protection. Although he is not an
MP, his son, Mikhael Vardanian was elected as MP (2003) on the Dashnak
party proportional list. Vardanian enjoys strong popularity within the
general public as a successful industrialist and director who reopened
several major Soviet-era plants. His businesses include:
--Grand Candy: major Armenian producer of chocolates, sweets, ice creams, etc.
--Grand Tobacco: partner with Ruben Hairapetian (Nemets Rubo) and
International Masis Tabak (there has been some conflict between the
two major cigarette producers)
--Grand Sun: production of bulbs and lamps on the basis of the
privatized Lamp factory. Built a similar factory in Iran.
--Alcohol production
--Several Company stores and cafe chains
HAYRAPETIAN FAMILY
The Hayrapetian family owns the 'Hayrapetian Brothers' Company. Close
to the President's office, especially to advisor Alexan Harutiunian.
The younger brother died in a car accident earlier this year. Current
business activities:
--'Hayastan' Department store
--Hotel Ararat
--BMW dealer
--Erebuni Textile production plant
--Hotel on Lake Sevan shore
--Other additional minor businesses
RUBEN HAYRAPETIAN
Ruben Hayrapetian, a.k.a. Nemets (German) Rubo. Hayrapetian is the
current Chairman of the Armenian Football Federation. MP (elected in
2003), former Prefect of Avan Community. Hayrapetian appears to be
supported by the President's office. Current business activities:
--Co-owner of Grand Tobacco
--Aragats textile production plant
--Harsnaqar hotel on Sevan shore
--Several gas stations
--Other additional minor businesses
HARUTIUN PAMBUKIAN
Harutiun Pambukian is an MP elected in 1999 and 2003. He defeated Rubo
the Flower (Ruben Gevorgian) in the race in Davidashen district.
Pambukian is a relatively recent oligarch and major financial
supporter of the Presidential campaign in 2003. Believed to have
support of Russian capital. Major known business activities:
--Max Group: farms, gas stations
--Lusakert Poultry Plant
--Yeghvard Animal Feed Plant
--Stakeholder in Midland Resources: owner of electricity distribution networks
SAMVEL ALEKSANIAN
Samvel Aleksanian is also known as 'Lfik Samo.' Elected Member of
Parliament in 2003. A semi-criminal oligarch, Aleksanian maintains an
army of bodyguards. He boasts little formal education (maybe the least
among oligarchs). Close to the President's office. Tries to resemble
Dodi Gago in everything: his house has the same architecture, he
drives the same make of cars, etc. He has the following legal
businesses:
--Lusastgh (Shining Star): produces vodka and vegetable oil, owns supermarkets
--Informal 'Feudal Lord' of Malatia (a district in Yerevan)
--Major importer of wheat, sugar and butter. Anti-monopoly
Committee recently looked into his case, and admitted that there is a
monopoly in sugar and butter importation. Due to his very close ties
with the Customs Committee, he is able to import products with best
possible privileges, thus minimizing competition in the market for his
company
--Natali Pharm: imports and distributes drugs
--Other additional minor businesses