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MP Grigoryan: 1 Billion AMD in Cash and Counting...

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  • MP Grigoryan: 1 Billion AMD in Cash and Counting...

    MP Grigoryan: 1 Billion AMD in Cash and Counting...
    Grisha Balasanyan

    hetq
    12:41, August 10, 2012

    Arayik Grigoryan is one of the many MPs in the National Assembly who's
    never made a speech from the podium during his time in office.

    Despite his inaction, he was re-elected MP from Ararat Marz during the
    recent May elections.

    I researched Grigoryan's financial disclosure statements and came up
    with the following;

    For the year March 1, 2011 to March 1, 2012, Grigoryan declared 146.9
    million AMD in revenue.

    3.1 million derives from his salary as an MP; 90.5 million from his
    shares in the Avshar Wine Factory, and 53.2 million from the sale of
    agricultural produce by the same factory.

    As of March 1, 2012, Grigoryan declared cash holdings of 1.2 billion AMD.

    In Yerevan alone, Grigoryan owns two apartments. He also owns 25
    hectares of vineyards in the village of Aygevan and a 679 square meter
    private house in his native village of Avshar.




    From: A. Papazian
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