Your trusted source

Armenia’s second President Robert Kocharyan said he is ready to reveal the exact numbers and sources of his income in an exclusive interview to Mediamax, as he dismisses reports about possessing $4 billion worth property as ‘absurd’. 

“Yes, of course. There are two ongoing journalistic investigations and I think their results will be published soon. I believe the Armenian authorities are well aware of what my family have and do not have. But the paradox is that the legend of $4 billion is damaging my reputation while being complete nonsense,” he said in response to the reporter’s observation whether he is ready to unveil his real income and its sources.   

Asked whether he considers himself a rich man, Kocharyan said: “If we assess the financial capacities of my family, I think there are about two hundred families in Armenia with the same income range.”

The ex-president added it also covers the businesses of his sons. He also refuted the claims that his elder son holds a monopoly on mobile phone imports to Armenia as a ‘total absurd’.