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Armenia's Ambassador To Iraq: $1 Million In The Bank And Counting

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  • Armenia's Ambassador To Iraq: $1 Million In The Bank And Counting

    ARMENIA'S AMBASSADOR TO IRAQ: $1 MILLION IN THE BANK AND COUNTING
    Grisha Balasanyan

    http://hetq.am/eng/news/22318/armenias-ambassador-to-iraq-$1-million-in-the-bank-and-counting.html
    00:22, January 15, 2013

    Mourad Mouradyan, Armenia's Ambassador to Iraq since 2010, maybe
    carrying out his diplomatic mission in an unstable country but his
    financial holdings are more than stable.

    The 51 year-old ambassador founded the BAMO construction company in
    1992 and ran the firm until his diplomatic posting eighteen years
    later.

    In 2005 the Armenian government sold the Karen Demirchyan
    Sports/Complex to BAMO.

    Perhaps such business holdings are the source of the $1.120 million
    he declared in his 2011 financial disclosure. He also had 12.2 million
    Russian rubles ($403,120) and 25.4 million AMD in the bank.

    Another amazing facet of his 2011 financial disclosure is that
    Ambassador Mouradyan declared no salary at all.

    Maybe he agreed to serve in Iraq on a voluntary basis? Probably not...

    Maybe he just doesn't need the salary of a diplomat. In addition to
    his cash holdings, Ambassador Mouradyan declared 6 million AMD and
    500,000 Russian rubles as stock dividends for 2011.

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