Former MP Ashot Arsenyan's Impressive Wealth from "Jermuk"

Former Member of Parliament Ashot Arsenyan from the Republican Party, known as "Jermuk" Ashot, submitted his asset and income declaration to the High Commission for Ethics of High-Ranking Officials on February 13, 2019, following the termination of his official duties on January 14, 2019. This information is provided by Armenian Time.

Arsenyan declared 5 real estate properties, including 3 apartments, 1 house, and 1 land plot. In terms of movable property, he reported 2 vehicles: a "MERCEDES-BENZ E250 D" and a "MERCEDES-BENZ S63 AMG".

As of the day he left office, Arsenyan reported a shareholding valued at 540 million AMD. He also had 8 different loans amounting to 7 billion 545 million 146 thousand 729 AMD, 78 million 967 thousand 143 AMD, 42 thousand 659 euros, 766 thousand 533 dollars, 3 million 459 thousand 874 dollars, 5 million 674 thousand 316 dollars, 102 thousand 18 euros, and 50 million AMD.

On the day he left office, Arsenyan's cash assets totaled 50 million AMD, 7 million 13 thousand 337 dollars, 20 thousand euros, and 492 thousand 506 rubles.

His earnings from January 1, 2019, until the cessation of his official duties amounted to 168 thousand 900 AMD and 40 thousand 418 dollars, of which 118 thousand 550 AMD came from salary, and the remainder from 3 different loans totaling 50 thousand 350 AMD, 515 dollars, and 39 thousand 903 AMD.