Vanadzor Mayoral Race - Financials of the 5 Candidates

11:44, August 21, 2012

The five candidates running for mayor of the northern Armenian town of Vanadzor have all filed their financial disclosure statements. Let's take a look.

Karen Toumanyan – An independent and a lawyer who owns the Populex Legal Services Company. His annual salary at the firm was 667,560 AMD.

Edik Karakhanyan – Prosperous Armenia Party. The former Deputy Regional Governor had a salary of 2.5 million AMD. He also owns a 70% share in a company called Edik Karakhanyan and Friends.

Samvel Darbinyan – Republican Party of Armenia. The current mayor of Vanadzor who receives a salary of 2.4 million AMD. He also received 23.4 million AMD in dividends from his brother's company Argishti 1. (The company was granted the contract to repair the town's roads) Darbinyan cash assets amount to 105 million AMD.  Read more... (213 words)

Armenian News