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Ex-Fm Has No House In Armenia, But Has Mansion In Glendale - Paper

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  • Ex-Fm Has No House In Armenia, But Has Mansion In Glendale - Paper

    EX-FM HAS NO HOUSE IN ARMENIA, BUT HAS MANSION IN GLENDALE - PAPER

    PanARMENIAN.Net
    June 19, 2012 - 12:25 AMT

    PanARMENIAN.Net - According to Zhamanak paper, MP from Prosperous
    Armenia party, former foreign minister Vartan Oskanian doesn't have
    a house in Armenia; instead he has a mansion in California's Glendale
    city. Ex-minister mentioned this in the application submitted to the
    Central Election Committee (CEC).

    Oskanian purchased the house on June 3, 1996 with USD 325-350 thous.

    It's a two-storied building with 9 rooms built in 1975. The money
    former minister paid for the house was assessed large capital
    investment. Apparently, he couldn't have afforded the property only
    with the salary he received then, the paper says.

    The price of the house almost doubled over the past few years.

    Presently it costs USD 700 thous, which is considered rather expensive
    in Glendale.

    Though Oskanian is said to have neither a car, nor property exceeding
    USD 8 million, he had USD 1 mln.100 thous. in his bank account and
    8 thous. square meter area in Armenia's town of Tsaghkadzor as of
    March 1, the paper claims.



    From: Emil Lazarian | Ararat NewsPress
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