Election Update
Now that the electorate know the nine politicians hoping to run for president in the 19 February 2008 presidential election in Armenia, last week saw the obligatory declaration of income and assets from all of them. Interestingly, many were surprisingly open about their wealth although most Armenians will consider declarations by the prime minister, Serzh Sarkisian, and former president, Levon Ter Petrosian, suspect to say the least.
To be honest, however, while Sarkisian did report savings of $191,000, Levon Ter Petrosian claims to have no savings at all. One wonders how he can afford to eat or maintain the upkeep of his mansion, I suppose. RFE/RL has more.
[…] former President Levon Ter-Petrosian, declared ownership of a three-story house in Yerevan and some 10,000 square meters of adjacent land that was granted to him by the government after he lost power in 1998. Ter-Petrosian also told the CEC that he co-owns office space in two separate locations in the city center and has no personal bank savings.
Ter-Petrosian’s mansion is much bigger than even the home of Tigran Karapetian, a controversial millionaire businessman and TV commentator.
The full post is available on the Armenia Election Monitor 2008.
