Vahan Kerobyan Has No Cash: Minister's Assets Revealed

The newspaper "Zhoghovurd" reports: "The Armenian Minister of Economy, Vahan Kerobyan, owns two residential properties. One of them is located in the Nor Nork community, while the other is in the Kentron administrative district. He purchased this apartment in 2019, and it is considered joint property. The minister also possesses a Lexus car manufactured in 2005, which he bought in 2011.

At the end of the year, he had 1,599,000 AMD in his bank accounts, but no cash on hand. His only income was his annual salary as a minister, which amounted to 21 million AMD. Vahan Kerobyan also has loans; at the end of the year, the outstanding balance on his mortgage was 49,527,000 AMD, while the reasons for other loans are unknown, and the amount directed towards loan repayment was 12 million AMD."

For more details, refer to today’s edition of the newspaper.