Deep Pockets: Central Bank Prez Pays $113K for Third Private Home

14:33, April 11, 2015

Armenia's Central Bank is another government institution that likes to keep a close lid on how much information about its internal dealings gets out to the public.

When it comes to the millions being spent within its walls, on things like salaries and administrative services, mum's the word – a veritable state secret.

Thus, it comes as no surprise that top Central Bank officials have been stealthily issuing themselves substantial salary bonuses over the years.

Take the case of Central Bank President Arthur Javadyan. According to his 2014 financial disclosure he purchased a private house worth 54 million AMD (US$113,370).  And it's not Javadyan's first piece of real estate. He declared two homes and an apartment earlier that same year when he was reappointed as the bank's president.  Read more... (293 words)

Armenian News