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$3.5 Million, 1.4 Million Euros: The Cash Holdings Of MP Samvel Alek

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  • $3.5 Million, 1.4 Million Euros: The Cash Holdings Of MP Samvel Alek

    $3.5 MILLION, 1.4 MILLION EUROS: THE CASH HOLDINGS OF MP SAMVEL ALEKSANYAN'S COUSIN
    Grisha Balasanyan

    http://hetq.am/eng/news/25512/$35-million-14-million-euros-the-cash-holdings-of-mp-samvel-aleksanyans-cousin.html

    Artour Petrosyan is the Deputy Director of the Lous Astgh Sugar
    Company, colloquially known as the Akhouryan sugar plant.

    Petrosyan is listed in the Republican Party's proportional ballot
    for the May 5 Yerevan municipal elections (44th spot).

    The fact that his cousin is MP Samvel Aleksanyan (Republican Party)
    has only propelled Petrosyan's political ambitions.

    As a municipal council candidate, Petrosyan has filed a financial
    disclosure statement.

    If he is to be believed, Petrosyan claims a mere 1.1 million AMD
    in revenues from the period January 1, 2012 to January 1, 2013. All
    of it was in the form of the wages he's received as the sugar plant
    deputy director.

    That works out to 92,000 per month. Nevertheless, Petrosyan owns 34
    fixed properties â?" houses, land, apartments, garages, kiosks, etc.

    Some of these properties are located on Yerevan's "fashionable"
    Northern Avenue.

    As of March 1, Petrosyan had 350 million AMD, $3.5 million and 1.4
    million Euros in various banks.

    It can't be rules out that some of Petrosyan's assets actually belong
    to his cousin Samvel Aleksanyan and that they've merely been registered
    in his name for tax and other purposes.

    Otherwise, how can a man who only claims 92,000 AMD in monthly revenue
    have so much property and cash?

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