HOW IS ARMENIA'S TOP TAX OFFICIAL, AND WIFE, MAKING THEIR MILLIONS
Grisha Balasanyan

hetq
00:17, July 2, 2012

Gagik Khachatryan, who heads Armenia's State Revenue Committee,
would have people he leads a modest life.

Official figures from the income disclosure statements Khachatryan
has filed present another picture and have gotten his face plastered
in the Armenian press.

According to his 2009 disclosure, the high ranking tax official only
had assets of 53.8 million AMD. That figure went up slightly to 58
million the following year.

In 2011, his assets soared to 278 million AMD and $2.9 million. His
only income, however, was his 8.4 million AMD salary as the head
tax honcho.

Khachatryan's wife, Laura Yepremyan, wasn't far behind that year,
reporting 188 million AMD and $765,000. Lo and behold, her only income
was her 671,740 AMD salary.

Press reports say that Khachatryan owns the fancy "Chronograph" watch
and jewellery store on Northern Avenue in Yerevan. An average watch
can set you back several hundred thousand Drams.

Khachatryan is also to own internet provider Ucom.