Tsarukyan Buys 20 Chandeliers for €1.587 Million, While His Wife Purchases Diamond Necklace and Earrings for €380,000

On May 24, 2019, the leader of the Prosperous Armenia Party (BHK) parliamentary group, Gagik Tsarukyan, submitted his annual declaration for 2018 to the Ethics Commission of High-Ranking Officials, according to Armtimes.com.

In 2018, Tsarukyan acquired shares worth 11,400 AMD, which did not change by the end of the year. During the tax year, he purchased three different shares worth 25,000 AMD, 42,500 AMD, 27,000 RUB, and 50,000 RUB, which remained unchanged by year-end. At the beginning of the tax year, Tsarukyan had an additional share worth 5,000 RUB, which he sold during the tax period. At the beginning of the tax year, he also had 60,042,829 AMD worth of shares and purchased another share worth 5,982,786,171 AMD, resulting in a total of 6,042,829,000 AMD worth of shares by the end of the year.

By the start of 2018, Tsarukyan had additional shares worth 799,212,000 AMD and acquired shares worth 5,821,217,730 AMD throughout the year, leading to a total of 6,620,429,730 AMD worth of shares by year-end.

During the tax year, he had 42 submitted and returned loans:

1. At the beginning, Tsarukyan's loan amount was 26,262,072,143 AMD, with 60,250,000 AMD issued and 5,129,124,229 AMD returned during the tax year. This ended with 21,193,197,914 AMD in loans.
2. Started with a loan of 5,743,173 AMD, with 2,091,816 AMD returned, ending with 3,651,357 AMD.
3. Started with a loan of 1,352,141,673 AMD, issued 23,122,800 AMD and received back 42,000,000 AMD by year-end, totaling 1,333,264,473 AMD.
4. Started with 208,257,370 AMD, issued 31,856,583 AMD, returned 5,121,000 AMD, ending the year with 237,992,953 AMD.
5. Started with a loan of 1,170,640,511 AMD, issued 1,180,143,404 AMD, returned 357,748,458 AMD, with the year ending at 1,993,035,457 AMD.
6. Started with 1,553,758 EUR, issued 44,030 EUR, returned 46,460 EUR, resulting in 1,551,328 EUR by year-end.
7. Started with 2,769,494 USD, issued 1,380,450 USD, returned 35,000 USD, ending the year with 4,114,944 USD.
8. Started with 1,574,000 EUR, which was fully returned during the tax year.
9. Started with 306,682,163 AMD, issued 4,780,000 AMD, which became 311,462,163 AMD by the end of the year.
10. Started with loans of 9,550 EUR, issued 9,030 EUR, ending with 18,580 EUR.
11. Started with 131,870 USD, issued 42,000 USD, ending with 173,870 USD.
12. Started with a loan of 639,125,856 AMD, returned 56,316,450 AMD, bringing it to 582,809,406 AMD by year-end.
13. Started with 1,800,000 AMD, issued 16,040,000 AMD. Ended with 17,840,000 AMD.
14. Started with 593,583 EUR, issued 16,645 EUR, totaling 610,228 EUR by year-end.
15. Started with 829,686,621 AMD, issued 340,000,000 AMD, leading to 1,169,686,621 AMD by year-end.
16. Started with 5,560,033 USD, issued 1,430,000 USD, resulting in 6,990,033 USD.
17. In the tax year, he issued a loan of 102,515,000 AMD, which remained unchanged at year-end.
18. Started with 28,168,862 EUR, issued 3,105,000 EUR, totaling 31,273,862 EUR by year-end.
19. Started with 14,196,890 USD, issued 200,000 USD, resulting in 14,396,890 USD by year-end.
20. Started with 390,561,619 AMD, issued 3,500,000 AMD, bringing it to 394,061,619 AMD by year-end.
21. Started with 252,433 EUR, issued 11,966 EUR, ending at 264,399 EUR.
22. Started with 7,813,432,000 AMD, issued 381,258,000 AMD, returned 7,785,614,226 AMD, leading to 409,075,774 AMD by year-end.
23. Started with 2,456,437 USD, which was fully returned during the tax year.
24. Started with 39,615 USD, returned 23,359 USD, ending with 16,256 USD.
25. Started with 512,008,900 AMD, issued 2,317,040 AMD, resulting in 514,325,942 AMD.
26. Started with 64,547,560 AMD, issued 1,030,000 AMD, bringing it to 65,577,560 AMD.
27. Issued a loan of 1,236,715 USD, which remained unchanged at year-end.
28. Issued a loan of 276,500 USD, which also remained unchanged.
29. Issued 16,410,000 AMD, which remained unchanged by year-end.
30. Started with 367,030,991 AMD, returned 120,480,000 AMD, resulting in 246,550,991 AMD by year-end.
31. Started with 228,207,811 AMD, returned 7,150,000 AMD, totaling 221,057,811 AMD by year-end.
32. Started with 1,508,545 EUR, returned 1,300,000 EUR, with 208,545 EUR remaining at year-end.
33. Started with 611,169,000 AMD, issued 80,359,000 AMD, returned 6,000,000 AMD, leading to 685,528,000 AMD by year-end.
34. Started with 691,323,355 AMD, issued 703,854,800 AMD, returned 2,474,000 AMD, totaling 1,392,704,155 AMD by year-end.
35. Started with 3,435,000 USD, issued 656,000 USD, bringing it to 4,091,000 USD.
36. Started with 869,369,663 AMD, issued 39,940,000 AMD, returned 892,500,000 AMD, with 16,809,663 AMD remaining by year-end.
37. Issued a loan of 8,538,001 RUB, returned 38,001 RUB, totaling 8,500,000 RUB by year-end.
38. Issued a loan of 30,200 EUR, which remained unchanged by year-end.
39. Issued a loan of 20,000 EUR, which also remained unchanged by year-end.
40. Issued a loan of 210,000 RUB, which remained unchanged by year-end.
41. Issued a loan of 441,920 USD, which did not change at year-end.
42. Issued a loan of 100,000 EUR, which remained unchanged at the end of the year.

During 2018, the leader of the BHK group acquired 22 valuable properties:

1. Bedroom furniture – 181,000 EUR
2. Bedroom furniture – 175,000 EUR
3. Bedroom furniture – 180,000 EUR
4. Bedroom furniture – 193,000 EUR
5. Bedroom furniture – 220,000 EUR
6. Bedroom furniture – 207,000 EUR
7. Bedroom furniture – 201,000 EUR
8. Kitchen furniture – 110,000 EUR
9. Large dining room furniture – 290,000 EUR
10. Large dining room furniture – 305,000 EUR
11. Medium dining room furniture – 150,000 EUR
12. Hallway furniture – 270,000 EUR
13. Hallway furniture – 283,000 EUR
14. Hallway furniture – 298,000 EUR
15. Hallway furniture – 133,000 EUR
16. Hallway furniture – 142,000 EUR
17. Hallway furniture – 129,000 EUR
18. Hallway furniture – 130,000 EUR
19. Hallway furniture – 128,000 EUR
20. Hallway furniture – 101,000 EUR
21. Hallway furniture – 97,000 EUR
22. Chandeliers (20 pieces) – 1,587,300 EUR

At the beginning of 2018, Tsarukyan had 425,805,000 AMD, 163,796,000 USD, and 28,348,000 EUR, which year-end became 543,845,000 AMD, 168,531,000 USD, and 30,641,000 EUR.

In 2018, Tsarukyan garnered revenue amounting to 4,184,594,638 AMD, 987,287 EUR, and 333 USD, primarily from dividends, interest from loans given, and rent payments.

As per his declaration when he assumed office in 2017, Tsarukyan owns 13 real estate properties including 5 houses, 1 garden house, and 7 land plots. The BHK group leader also owns 12 expensive vehicles, including brands such as TOYOTA LAND CRUISER PRADO V6 4.0, BMW X5 4.4 I, JEEP WRANGLER 4.0, ROLLS-ROYCE PHANTOM 6.7, NISSAN PATROL 3.0, RANGE ROVER SPORT 4.4, and others.

Tsarukyan’s wife, Javahir Tsarukyan, acquired three luxury items in 2018: a pearl necklace for 25,000 USD, a diamond necklace and earrings for 380,000 EUR, and a ring and earrings with emerald for 300,000 USD.

At the beginning of the year, Javahir Tsarukyan had 15,815,000 AMD, 21,500 USD, and 9,150 EUR. By year-end, her wealth increased to 20,451,000 AMD, 30,300 USD, and 12,000 EUR.

In 2018, Javahir Tsarukyan also received two donations amounting to 12 million AMD and income from dividends worth 218,834 EUR.