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PM Sargsyan: Cash Holdings Jump From $22K To $859K In Under 3 Years

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  • PM Sargsyan: Cash Holdings Jump From $22K To $859K In Under 3 Years

    PM SARGSYAN: CASH HOLDINGS JUMP FROM $22K TO $859K IN UNDER 3 YEARS
    Grisha Balasanyan

    HETQ
    13:19, June 18, 2012

    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 20009.

    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.

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