Businessman Gagik Tsarukian ruled out the possibility of returning to active politics on Tuesday two months after effectively capitulating in a bitter standoff with President Serzh Sarkisian.
"I've turned the page of politics," Tsarukian said in his first public remarks since his resignation as chairman of the Prosperous Armenia Party (BHK). He told reporters that he will now try to be "useful" to Armenia with entrepreneurial and benevolent activities and sponsorship of sports through the Armenian National Olympic Committee headed by him.
As recently as in early February, Tsarukian, his party and its opposition allies threatened to topple Sarkisian with a renewed campaign of street protests if the president went ahead with a controversial reform of the Armenian constitution. Sarkisian responded by harshly criticizing the tycoon and ordering tax audits of his numerous businesses and inquiries into other "crimes" possibly committed by the tycoon.
Armenian News
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