Deputy Chief of Staff to the Prime Minister Buys a House in the USA for $585,000 Without Credit Funds

In April 2020, while serving as advisor to then-Deputy Prime Minister Tigran Avinyan, Bagrat Badalyan acquired 88.13% of the "Design Institute LLC," which subsequently began to achieve significant success in public procurement contracts in the field of road construction, writes "Hetq."

"Thus, if in 2018 the company had entered into 3 public procurement contracts (totaling around 12 million AMD), and from 2019 to April 2020 there was only 1 contract (431,000 AMD), after Bagrat Badalyan became its owner in April 2020, the 'Design Institute' has won approximately 40 times in public procurement competitions, with the total value of signed contracts exceeding 1 billion AMD."

Bagrat Badalyan became a high-ranking official following the political changes of 2018. He served as the Deputy Minister of Transport, Communication, and Information Technologies of the Republic of Armenia in 2018-2019, the Deputy Minister of Territorial Administration and Infrastructure from 2019 to 2020, an advisor to Deputy Prime Minister Tigran Avinyan from February to November 2020, head of the same deputy prime minister's office from 2020 to 2021, an advisor to the Chairman of the State Revenue Committee from August to November 2021, and has been one of the Deputy Chief of Staff to the Prime Minister since October 2021.

According to his annual declaration for 2021, Bagrat Badalyan and his wife, Margarita Aganisyan, a music school teacher, purchased a house in Marysville, Washington, USA, in May of that year. The transaction price was $584,950.

We have clarified some details regarding this property. The Badalyan and Aganisyan couple acquired the property from "Lennar Northwest Inc.," a subsidiary of the well-known American homebuilding company "Lennar Corporation." The deal was concluded on April 28, 2021, and registered on May 6 (the same date noted by Badalyan and his wife in their declarations).

Moreover, Badalyan indicated the house in his declaration under the category of “property not yet registered in the state,” while his wife referred to it as “a private residential house built on a plot of land.”

For more details, refer to the original source.