"Zhoghovurd" daily writes:
"Declaration of Deputy Minister of Labor and Social Affairs Arayik Yesayan reveals a remarkable picture in terms of numbers. for a relatively average government salary, large cash holdings, multi-family properties and financial flows of tens of thousands of dollars. "Zhoghovurd" daily newspaper studied Yesayan's biography and declaration. he was appointed deputy minister in October 2025. Before that, he held high positions in the RA Ministry of Finance, from the general secretary to the head of the department. About three decades in the financial and budgetary system. In other words, he was a representative of the state system all his life.
Eight real estates in different marzes and in Yerevan 8 units of real estate are presented in the declaration: • Garage: Yerevan (2014, "different" way) • Individual house: Ararat region, Azatavan (2012, purchase) • Apartment: Yerevan (2004, purchase) • Unfinished building: Kotayk region, Kasakh (2022, purchase) • Land: Yerevan (2014, purchase) • Parking lot: Yerevan (2021, purchase) • Apartment: Yerevan (2021, purchase) • Shared ownership apartment: ¼ share, Yerevan (2012, inheritance) One part of the property is shared, one part is shared, the garage is private. Two cars The Deputy Minister declared: • LEXUS (2014, acquired in 2018) • SUZUKI (2017, acquired in the same year) $60,000 in bonds, zeroed The declaration mentions a share in "ECOLOGY CONSTRUCTION" LLC with a value of AMD 5,000. At the same time, there was a USD 60,000 bond (ARMBROL OJSC) at the beginning of the year, but at the end of the year their value became 0. It is not specified whether they were sold, redeemed or alienated in some other way, and where the received money is reflected. 50 million AMD loan to own company At the beginning of the year, a loan of 50 million drams was provided to "ECOLOGY CONSTRUCTION" LLC. 48 million drams were returned during the year, 2 million drams remained at the end of the year.
In addition, a bank deposit of USD 60,000 was declared. Most notably, cash At the end of the year it was announced: • 50 million drams in cash • $140,000 in cash • EUR 45,000 in cash (belonging to a third party, but in its possession or benefit) In other words, the dollar cash alone is close to 140 thousand, and there is also a significant amount in euros, outside the banking system.
Income and expense In 2024, the salary from the RA Ministry of Finance was 15,107,512 drams.
at the same time • Mortgage loan balance: 26.4 million drams • Loan repayment during the year: AMD 3,655,000 • Repair of real estate: 18,000,000 drams Numerical contrasts Comparing the numbers, several key questions arise. Income-expenditure balance With an annual salary of 15 million drams, repairs of 18 million drams were carried out, loan repayments were made and at the same time large cash resources were saved. Cash volumes Keeping 50 million drams and 140,000 dollars in cash, outside of banks, in the case of a high-ranking government official, inevitably raises the question of the origin of funds and tax transparency.
"Disappearance" of Bonds The cancellation of the $60,000 bonds requires an explanation. where is the money from their sale? Risk of conflict of interest Providing a loan of 50 million drams to one's own company by an official and having a share at the same time can be seen as a potential risk of conflict of interest. Third Party Cash The management of 45 thousand euros, the owner of which is another person, raises additional questions from the point of view of control and accountability.
