“The one who gives loans at 400% says that bookmakers are evil”: Sevak Hakobyan on the former Minister of Social Affairs

Sevak Hakobyan, the editor-in-chief of Yerevan.today, wrote on his Facebook page: “The one who gives loans at 400% says that bookmakers are evil! ‘Bookmaking remains one of the main evils in our society... Over $1 million in bets are placed daily. The prohibition of this sector is the only alternative’ — do you know whose words these are? Former Minister of Social Affairs Mesrop Arakelyan. I completely agree with these words, but the absurdity is that this is said by a person who managed a credit company that offered loans up to 400%. How do we reconcile this?”