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ALL IN THE FAMILY: ARMENIAN PRIME MINISTER'S BOOMING BUSINESS EMPIRE-3
Grisha Balasanyan
15:30, February 2, 2015
Begining
http://hetq.am/eng/news/57058/all-in-the-family-armenian-prime-ministers-booming-business-empire-part-2.html
We continue to present the companies, doing business in a variety
of sectors, owned by Armenian Prime Minister Hovik Abrahamyan and
his relatives.
Leasing of Real Estate
Strategic Property Management (SPM) CJSC is fully owned by Argam
Abrahamyan. The company's office is located at 4/2 Amiryan Street
inYerevan. SPM was founded in 2012 and Angin Sargsyan serves as
director. The company's paid-in capital is 300.9 million AMD
According to official Armenian tax data, SPM engages mostly in the
wholesale foodstuff, beverage and tobacco sector. Currently, the
company has temporarily ceased operations.
"Yes, I am the director. Right now, the company has halted its
operations. In general, SPM doesn't engage in any operation," Angin
Sargsyan said.
When asked why the company was founded in the first place with such
a large amount of capital if it didn't plan to operate any business,
Angin Sargsyan replied:
"Sorry, but I will not answer as to why the company was founded.
That's my company's secret and, as director, I am authorized not to
reply. Perhaps you find it absurd that the company doesn't operate
with such capital, but it's not absurd for me. The company was started
but now has ceased to operate. We didn't know what it was doing. When
it starts to operate anew, you'll hear about it. Call and I'll tell
you what the company is doing."
Property Solutions Ltd. is the legal successor of Alliance Advisory
Center Ltd. The company's paid-in capital is 75.3 million AMD. 100% of
the company's shares were transferred to Gagik Poghosyan in June 2014.
In order to lease some space, Gagik Poghosyan petitioned the Yerevan
Municipality. Based on Decision 3029-A (granted on August 6, 2014),
the municipality permitted Kentron-Greening CJSC to lease 1,923.59
square meters of a 43,144.31 square meter plot it owns at 6/1 Khanjyan
Street in Yerevan to Property Solutions.
Railways, Transport Sector
See the chart on by clicking the link.
Argam Abrahamyan's two partners in Transport Development Consortium
(TDC) CJSC are not random individuals. Levon Kocharyan (son of
Armenia's second president) and Yerevan resident Vahagn Khachatryan
own 33% a piece.
Kocharyan and Khachatryan also own shares in Nayri Insurance; 60%
and 40% respectively.
Vanadzor resident Rouben Zatikyan serves as director of TDC. Zatikyan
also owns the #46 microbus route. 100% of the shares of Aravel Ltd.,
which services the fleet of buses, were obtained by TDC in March 2013.
TDC CJSC is registered at the address of Vahagn Khachatryan's
residency. Another company owned by Khachatryan, Grigoryans' Trans
Service Ltd. (, which services three microbus routes in Yerevan)
is also registered at the same address.
Transporting CJSC was founded in 2012 and is owned 50/50 by Gagik
Poghosyan and his business partner Julieta Sargsyan. The company's
office is located at 4/3 Amiryan Street in Yerevan, in a huge building
owned by Argam Abrahamyan.
Transporting CJSC operates the #41 and 45 microbus routes in Yerevan
and a number of inter-city routes in Armenia.
Hovik Abrahamyan and his circle of friends also run buses in the town
of Artashat and nearby villages.
Mamikon-Narek Ltd. is wholly owned by Henrik Abrahamyan's daughter
Meri Abrahamyan. Yurik Bouniatyan serves as company director. The
Company was founded in 2007 to operate taxi services, engage in trade,
and produce construction materials. The company owns Taxi Mkhchyan,
a taxi service.
Production of construction material and stones
In 2003, Ararat Cement OJSC was privatized and re-launched as Ararat
Cement CJSC. Argam Abrahamyan owns 30% of the company and Gagik
Tsaroukyan 70%.
Right Stone Ltd. was founded in 2008 and is mostly engaged in stone
refinishing and construction. 40% of the company is owned by Argam
Abrahamyan, 30% by Kotayk Province resident Garegin Karapetyan,
and 30% by Gagik Mnatsakanyan; who also serves as company director.
Jas-Beton Shin Ltd. was founded by Henrik Abrahamyan (brother of
Armenian PM Hovik Abrahamyan) and former MP Armen Poudoyan. They
exited the company in 2006 and 100% of the shares reverted to Rouzanna
Hovsepyan (Henrik Abrahamyan's wife). The company produces construction
materials.
Metz Armat Ltd. is also a construction company and is fully owned by
Henrik Abrahamyan. He serves as its director. The company produces
and sells fabricated hosing parts. The company was founded in 2008.
Elz-Nar Ltd. is owned by Diana Abrahamyan (Henrik Abrahamyan's
daughter-in-law). The company sells and packages food and non-food
items, as well as construction materials.
Gagik Poghosyan fully owns, and is the director of, Sun-Lus Ltd.
founded in 2010. The company's legal address is registered in
the Ararat Province village of Norashen, but neither village mayor
Artoush Sargsyan nor his staff could recollect such a company listed
in their village. The company engages in advertising, supplying food
products to restaurants, hospitals and other public institutions,
and the production of construction materials.
Henrik Abrahamyan: Defender of animals
Jaguar Animal World Ltd. is listed in the state registry as an
organization engaged in the protection and reproduction of rare and
nearly extinct wild animals, and as an organizer of ecotourism and
hunting tourism events. It was founded in 2013 and is 100% owned by
Henrik Abrahamyan.
Director Gabriel Poghosyan told Hetq that the company is currently
inactive, but that it is planning projects aimed at protecting wild
animals along the Armenia-Azerbaijan border.
"Right now, the company isn't doing anything, but in the future it
will be engaged in the protection of animals and nothing else. We will
protect the bezoar ibex and wild mouflon sheep found in Armenia. We
will lease lands adjacent to the Azerbaijani border in order to
protect these animals," Poghosyan told Hetq.
"Animals are fleeing over the border to Armenia after being hunted
in Azerbaijan. There should be no hunting on our side so that they
can multiply. If they are hunted in Armenia, the animals will simply
return to Azerbaijan," Poghosyan explained.
While the company is fully owned by Henrik Abrahamyan, Gabriel
Poghosyan denied any links between Abrahamyan and the company.
Business operated in partnership with foreigners
In contrast to his brother Henrik, Hovik Abrahamyan's daughter Rebeka
Abrahamyan has recently entered the business world. On September
17, 2014, she became 25% owner of Mit Invest Ltd., founded by Arman
Mirzoyan just one month earlier. On the same day, two Georgians became
25% owners each of the company. One was Levan Chikovani (executive
director and 50% owner of the Czech Wind Energy Investment s.r.o.),
and the other was Mindia Sabandze (the owner of several companies).
Hetq's Georgian partners helped us compose the following list of
companies owned by the two Georgians.
Yevropa-Bed.am Ltd. is an Armenian-Georgian company founded in 2012.
Argam Abrahamyan owns 20%; Armenian MP Vardan Ayvazyan's son Souren
owns 20%, Karen Minasyan-10%; 48% belongs to Georgian citizen Zaour
Yakhadze; and Zaza Mikelashvi, another Georgian, owns 2%. Yerevan
resident Grigor Sahradyan serves as company director.
Golden MK Ltd. is owned by Gagik Poghosyan (20%), Moscow resident
Mikhail Berzukov (40%), and Rouzanna Asoulyan (40%). The director is
Rudolf Grigoryan.
Mikhail Bezrukov is a Moscow businessman. He was a master sportsman
during the Soviet era and the chief coach of the Soviet Union's
national football team. Since 1992 he's served as president of the
Hockey and Football Club Russia CJSC. As of 2000, Bezrukov has been
the director of the Social Adaptation Center NGO Fund.
Bezrukov is the Solnechnogorsk branch president of Russia's ruling
Yedinaya Rossiya (United Russia) party. According to Russian press
reports, Bezrukov is a local criminal authority with whom area
businessmen must sit down and negotiate with. He owns scores of
companies engaged in commerce, real estate, the restaurant trade,
sports, and others. On numerous occasions we tried to contact him to
clarify what links, if any, his companies have with several companies
in Armenia. At first, we were told he wasn't in town. His staff then
asked us to leave a phone number where he could reach us. So far,
Bezrukov hasn't called us.
No explanations from the prime minister and his friends
Only four companies linked to relatives of Prime Minister Hovik
Abrahamyan made it to the list of Armenia's top 1,000 taxpayers
from January-September 2014. They are: Ararat Cement CJSC (in 111th
place with 865 million AMD in taxes paid); Artashat Cannery Plant
(135th place, 647 million AMD); Mkhchyan Fish Food (406th place,
212.550 million AMD); Navti Gaz (611thplace, 126 million AMD).
Thus, the other companies owned by the prime minister's relatives
paid 74 million AMD less than the company that what listed in 1,000th
place given that the latter paid exactly 74 million.
The assets of the Abrahamyans and their relatives do not end here.
They own 53.24 hectares of agricultural zoned land in the village of
Mkhchyan, some ten pieces of real estate near Yerevan, and an equal
number of cars. There are also hundreds of hectares of grape vineyards
in Artashat and nearby villages; natural gas filling stations outside
Yerevan; gasoline stations and casinos along the highways of Armenia;
and a resort house in Crimea (that was purchased in 2007 for US$7
million. News outlets in Armenia wrote about the Crimea resort several
times and the prime minister never denied the news.
There are also mechanical and knitting factories in Artashat, an
auto park, lands adjacent to the Sirious Plant, wine and cement
factories, a resort house and five hectares of land in Tzaghkatzor,
apartments in Yerevan, a private house near Lake Sevan, etc. The list
is never-ending because most of these properties are registered under
the names of others.
Back when Hovik Abrahamyan served as the president of the Armenian
parliament, we wrote to him asking that he explain the source for
all the money appearing on his financial disclosure statement. We
also wanted to know whether certain factories belonged to him. Just
as now, when he serves as the prime minister, he failed to answer
our inquiries.
We couldn't get any clarifications from the prime minister's son Argam
Abrahamyan. Argam is the owner and director of Imperium Group Ltd.
located at 4/7 Amiryan Street in Yerevan. We called the directors of
companies located there (which have ties to the Abrahamyans) in order
to get the telephone number of Imperium Group. All the directors told
us that there was no Imperium Group located there. Angin Sargsyan,
Deputy Director of Imperium Plaza CJSC (located at the same address)
was surprised to hear that a company by that name is registered there.
We also failed to get any clarification from Gagik Poghosyan, a
relative of the Abrahamyans. Both Robert Gasparyan (his son-in-law)
and Angin Sargsyan told Hetq that they weren't authorized to give his
number. We then asked Robert Gasparyan to get a message to Poghosyan
to call Hetq. He did, but told us nothing.
People in Armenia know Armenian Prime Minister Hovik Abrahamyan by
his nickname "Mouse".
The following is taken from an interview that the newspaper 168 Zham
had with Abrahamyan regarding the use of his nickname.
In an interview with the newspaper 168 Zham, PM Abrahamyan was asked if
he felt insulted when the press refers to him by his nickname "Mouk"
(mouse). In response, Abrahamyan said he had no such complexes and
that if certain news outlets got a kick from calling him by his
nickname they should continue to do so.
"It doesn't faze me in the least. If they think they are insulting
me or irritating me by doing so, they are wrong. By the way, I see
nothing wrong with people having nicknames," Abrahamyan replied,
adding that it was better if people had childhood nicknames than the
fake monikers of various sponsors and owners of the press.
Abrahamyan explained that his nickname stems from a childhood incident
where he ate half a bowl of Christmas candy. "My grandma, realizing I
ate the candy, laughed and called me the mouse of the house," he said.
The prime minister confessed that nothing could be hidden from him
because he gets into every nook and cranny and locates what he wants
- candy.
http://hetq.am/eng/news/58352/all-in-the-family-armenian-prime-ministers-booming-business-empire-3.html
From: Baghdasarian
Grisha Balasanyan
15:30, February 2, 2015
Begining
http://hetq.am/eng/news/57058/all-in-the-family-armenian-prime-ministers-booming-business-empire-part-2.html
We continue to present the companies, doing business in a variety
of sectors, owned by Armenian Prime Minister Hovik Abrahamyan and
his relatives.
Leasing of Real Estate
Strategic Property Management (SPM) CJSC is fully owned by Argam
Abrahamyan. The company's office is located at 4/2 Amiryan Street
inYerevan. SPM was founded in 2012 and Angin Sargsyan serves as
director. The company's paid-in capital is 300.9 million AMD
According to official Armenian tax data, SPM engages mostly in the
wholesale foodstuff, beverage and tobacco sector. Currently, the
company has temporarily ceased operations.
"Yes, I am the director. Right now, the company has halted its
operations. In general, SPM doesn't engage in any operation," Angin
Sargsyan said.
When asked why the company was founded in the first place with such
a large amount of capital if it didn't plan to operate any business,
Angin Sargsyan replied:
"Sorry, but I will not answer as to why the company was founded.
That's my company's secret and, as director, I am authorized not to
reply. Perhaps you find it absurd that the company doesn't operate
with such capital, but it's not absurd for me. The company was started
but now has ceased to operate. We didn't know what it was doing. When
it starts to operate anew, you'll hear about it. Call and I'll tell
you what the company is doing."
Property Solutions Ltd. is the legal successor of Alliance Advisory
Center Ltd. The company's paid-in capital is 75.3 million AMD. 100% of
the company's shares were transferred to Gagik Poghosyan in June 2014.
In order to lease some space, Gagik Poghosyan petitioned the Yerevan
Municipality. Based on Decision 3029-A (granted on August 6, 2014),
the municipality permitted Kentron-Greening CJSC to lease 1,923.59
square meters of a 43,144.31 square meter plot it owns at 6/1 Khanjyan
Street in Yerevan to Property Solutions.
Railways, Transport Sector
See the chart on by clicking the link.
Argam Abrahamyan's two partners in Transport Development Consortium
(TDC) CJSC are not random individuals. Levon Kocharyan (son of
Armenia's second president) and Yerevan resident Vahagn Khachatryan
own 33% a piece.
Kocharyan and Khachatryan also own shares in Nayri Insurance; 60%
and 40% respectively.
Vanadzor resident Rouben Zatikyan serves as director of TDC. Zatikyan
also owns the #46 microbus route. 100% of the shares of Aravel Ltd.,
which services the fleet of buses, were obtained by TDC in March 2013.
TDC CJSC is registered at the address of Vahagn Khachatryan's
residency. Another company owned by Khachatryan, Grigoryans' Trans
Service Ltd. (, which services three microbus routes in Yerevan)
is also registered at the same address.
Transporting CJSC was founded in 2012 and is owned 50/50 by Gagik
Poghosyan and his business partner Julieta Sargsyan. The company's
office is located at 4/3 Amiryan Street in Yerevan, in a huge building
owned by Argam Abrahamyan.
Transporting CJSC operates the #41 and 45 microbus routes in Yerevan
and a number of inter-city routes in Armenia.
Hovik Abrahamyan and his circle of friends also run buses in the town
of Artashat and nearby villages.
Mamikon-Narek Ltd. is wholly owned by Henrik Abrahamyan's daughter
Meri Abrahamyan. Yurik Bouniatyan serves as company director. The
Company was founded in 2007 to operate taxi services, engage in trade,
and produce construction materials. The company owns Taxi Mkhchyan,
a taxi service.
Production of construction material and stones
In 2003, Ararat Cement OJSC was privatized and re-launched as Ararat
Cement CJSC. Argam Abrahamyan owns 30% of the company and Gagik
Tsaroukyan 70%.
Right Stone Ltd. was founded in 2008 and is mostly engaged in stone
refinishing and construction. 40% of the company is owned by Argam
Abrahamyan, 30% by Kotayk Province resident Garegin Karapetyan,
and 30% by Gagik Mnatsakanyan; who also serves as company director.
Jas-Beton Shin Ltd. was founded by Henrik Abrahamyan (brother of
Armenian PM Hovik Abrahamyan) and former MP Armen Poudoyan. They
exited the company in 2006 and 100% of the shares reverted to Rouzanna
Hovsepyan (Henrik Abrahamyan's wife). The company produces construction
materials.
Metz Armat Ltd. is also a construction company and is fully owned by
Henrik Abrahamyan. He serves as its director. The company produces
and sells fabricated hosing parts. The company was founded in 2008.
Elz-Nar Ltd. is owned by Diana Abrahamyan (Henrik Abrahamyan's
daughter-in-law). The company sells and packages food and non-food
items, as well as construction materials.
Gagik Poghosyan fully owns, and is the director of, Sun-Lus Ltd.
founded in 2010. The company's legal address is registered in
the Ararat Province village of Norashen, but neither village mayor
Artoush Sargsyan nor his staff could recollect such a company listed
in their village. The company engages in advertising, supplying food
products to restaurants, hospitals and other public institutions,
and the production of construction materials.
Henrik Abrahamyan: Defender of animals
Jaguar Animal World Ltd. is listed in the state registry as an
organization engaged in the protection and reproduction of rare and
nearly extinct wild animals, and as an organizer of ecotourism and
hunting tourism events. It was founded in 2013 and is 100% owned by
Henrik Abrahamyan.
Director Gabriel Poghosyan told Hetq that the company is currently
inactive, but that it is planning projects aimed at protecting wild
animals along the Armenia-Azerbaijan border.
"Right now, the company isn't doing anything, but in the future it
will be engaged in the protection of animals and nothing else. We will
protect the bezoar ibex and wild mouflon sheep found in Armenia. We
will lease lands adjacent to the Azerbaijani border in order to
protect these animals," Poghosyan told Hetq.
"Animals are fleeing over the border to Armenia after being hunted
in Azerbaijan. There should be no hunting on our side so that they
can multiply. If they are hunted in Armenia, the animals will simply
return to Azerbaijan," Poghosyan explained.
While the company is fully owned by Henrik Abrahamyan, Gabriel
Poghosyan denied any links between Abrahamyan and the company.
Business operated in partnership with foreigners
In contrast to his brother Henrik, Hovik Abrahamyan's daughter Rebeka
Abrahamyan has recently entered the business world. On September
17, 2014, she became 25% owner of Mit Invest Ltd., founded by Arman
Mirzoyan just one month earlier. On the same day, two Georgians became
25% owners each of the company. One was Levan Chikovani (executive
director and 50% owner of the Czech Wind Energy Investment s.r.o.),
and the other was Mindia Sabandze (the owner of several companies).
Hetq's Georgian partners helped us compose the following list of
companies owned by the two Georgians.
Yevropa-Bed.am Ltd. is an Armenian-Georgian company founded in 2012.
Argam Abrahamyan owns 20%; Armenian MP Vardan Ayvazyan's son Souren
owns 20%, Karen Minasyan-10%; 48% belongs to Georgian citizen Zaour
Yakhadze; and Zaza Mikelashvi, another Georgian, owns 2%. Yerevan
resident Grigor Sahradyan serves as company director.
Golden MK Ltd. is owned by Gagik Poghosyan (20%), Moscow resident
Mikhail Berzukov (40%), and Rouzanna Asoulyan (40%). The director is
Rudolf Grigoryan.
Mikhail Bezrukov is a Moscow businessman. He was a master sportsman
during the Soviet era and the chief coach of the Soviet Union's
national football team. Since 1992 he's served as president of the
Hockey and Football Club Russia CJSC. As of 2000, Bezrukov has been
the director of the Social Adaptation Center NGO Fund.
Bezrukov is the Solnechnogorsk branch president of Russia's ruling
Yedinaya Rossiya (United Russia) party. According to Russian press
reports, Bezrukov is a local criminal authority with whom area
businessmen must sit down and negotiate with. He owns scores of
companies engaged in commerce, real estate, the restaurant trade,
sports, and others. On numerous occasions we tried to contact him to
clarify what links, if any, his companies have with several companies
in Armenia. At first, we were told he wasn't in town. His staff then
asked us to leave a phone number where he could reach us. So far,
Bezrukov hasn't called us.
No explanations from the prime minister and his friends
Only four companies linked to relatives of Prime Minister Hovik
Abrahamyan made it to the list of Armenia's top 1,000 taxpayers
from January-September 2014. They are: Ararat Cement CJSC (in 111th
place with 865 million AMD in taxes paid); Artashat Cannery Plant
(135th place, 647 million AMD); Mkhchyan Fish Food (406th place,
212.550 million AMD); Navti Gaz (611thplace, 126 million AMD).
Thus, the other companies owned by the prime minister's relatives
paid 74 million AMD less than the company that what listed in 1,000th
place given that the latter paid exactly 74 million.
The assets of the Abrahamyans and their relatives do not end here.
They own 53.24 hectares of agricultural zoned land in the village of
Mkhchyan, some ten pieces of real estate near Yerevan, and an equal
number of cars. There are also hundreds of hectares of grape vineyards
in Artashat and nearby villages; natural gas filling stations outside
Yerevan; gasoline stations and casinos along the highways of Armenia;
and a resort house in Crimea (that was purchased in 2007 for US$7
million. News outlets in Armenia wrote about the Crimea resort several
times and the prime minister never denied the news.
There are also mechanical and knitting factories in Artashat, an
auto park, lands adjacent to the Sirious Plant, wine and cement
factories, a resort house and five hectares of land in Tzaghkatzor,
apartments in Yerevan, a private house near Lake Sevan, etc. The list
is never-ending because most of these properties are registered under
the names of others.
Back when Hovik Abrahamyan served as the president of the Armenian
parliament, we wrote to him asking that he explain the source for
all the money appearing on his financial disclosure statement. We
also wanted to know whether certain factories belonged to him. Just
as now, when he serves as the prime minister, he failed to answer
our inquiries.
We couldn't get any clarifications from the prime minister's son Argam
Abrahamyan. Argam is the owner and director of Imperium Group Ltd.
located at 4/7 Amiryan Street in Yerevan. We called the directors of
companies located there (which have ties to the Abrahamyans) in order
to get the telephone number of Imperium Group. All the directors told
us that there was no Imperium Group located there. Angin Sargsyan,
Deputy Director of Imperium Plaza CJSC (located at the same address)
was surprised to hear that a company by that name is registered there.
We also failed to get any clarification from Gagik Poghosyan, a
relative of the Abrahamyans. Both Robert Gasparyan (his son-in-law)
and Angin Sargsyan told Hetq that they weren't authorized to give his
number. We then asked Robert Gasparyan to get a message to Poghosyan
to call Hetq. He did, but told us nothing.
People in Armenia know Armenian Prime Minister Hovik Abrahamyan by
his nickname "Mouse".
The following is taken from an interview that the newspaper 168 Zham
had with Abrahamyan regarding the use of his nickname.
In an interview with the newspaper 168 Zham, PM Abrahamyan was asked if
he felt insulted when the press refers to him by his nickname "Mouk"
(mouse). In response, Abrahamyan said he had no such complexes and
that if certain news outlets got a kick from calling him by his
nickname they should continue to do so.
"It doesn't faze me in the least. If they think they are insulting
me or irritating me by doing so, they are wrong. By the way, I see
nothing wrong with people having nicknames," Abrahamyan replied,
adding that it was better if people had childhood nicknames than the
fake monikers of various sponsors and owners of the press.
Abrahamyan explained that his nickname stems from a childhood incident
where he ate half a bowl of Christmas candy. "My grandma, realizing I
ate the candy, laughed and called me the mouse of the house," he said.
The prime minister confessed that nothing could be hidden from him
because he gets into every nook and cranny and locates what he wants
- candy.
http://hetq.am/eng/news/58352/all-in-the-family-armenian-prime-ministers-booming-business-empire-3.html
From: Baghdasarian