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Prosperous Armenia Candidate Increases Cash Holdings

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  • Prosperous Armenia Candidate Increases Cash Holdings

    PROSPEROUS ARMENIA CANDIDATE INCREASES CASH HOLDINGS
    Grisha Balasanyan

    http://hetq.am/eng/articles/25637/prosperous-armenia-candidate-increases-cash-holdings.html
    11:16, April 18, 2013

    MP Abraham Manoukyan takes the 3rd spot on the Prosperous Armenia
    party ticket for the upcoming Yerevan municipal elections.

    He's considered one of the wealthiest of MP's and retains that
    distinction in the list of candidates for the Yerevan Municipal Council
    (or Council if Elders).

    When we compare the financial disclosures Manoukyan filed for the
    last parliamentary election and the one most recently filed, we see
    that he's significantly added to his assets in the interim.

    As of March 29, 2012, Manoukyan had 217 million AMD and $117,000 in
    cash deposits.

    One year later, his cash deposits rose to 225 million AMD, $300,000
    and 90,000 Euros.

    For the period March 1, 2012 to March 1, 2013, Manoukyan declared the
    following revenues: 414,000 AMD as wages from "Kakhakayin Universal
    Baza, Ltd."; 2.227 million AMD in wages from the National Assembly;
    14.781 million AMD from "Kakhakayin Universal Baza, Ltd." as rental
    income; and 3.5 million AMD from Belvarmo Braid Ltd., as a return of
    an original investment.

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