Une investigation de Hetq.am sur les sociétés du frère de l’ancien président d’Arménie

au Nevada & ailleurs …

In 2005, Alexander Sargsyan, brother of former Armenian President Serzh Sargsyan, founded a real estate rental and construction company in Nevada.

Alexander Sargsyan, who served as a member of the Armenian National Assembly from 2003-2012, thus violated the 1995 Armenian constitution that was in effect at the time.

The 1995 constitution states: “A deputy may not hold any other public office or perform any paid work other than scientific, pedagogical and creative work.”

Furthermore, the Constitution that came into force at the end of 2005 stated: “A deputy may not engage in entrepreneurial activity, hold a position in state or local government or commercial organizations, perform other paid work other than scientific, pedagogical and creative work.”

Alexander Sargsyan has ignored this constitutional requirement for years.

In May 2005, he founded a company called Hana (probably a mix of his sons’ names-Hayk and Narek. (Sargsyan also founded companies with the same name in Armenia.)

Companies Named Hana in Armenia

In October 2005, Alexander Sargsyan, in the Kotayk village of Balahovit (where he was registered at the time), founded Hana M.E.K. Ltd., a billboard business. According to State Revenue Committee data, the company has suspended operations.

In September 2011, Sargsyan’s younger son, Narek Sargsyan, founded Hana-Trans LLC in Balahovit. The field of activity was inter-regional road freight transport. In February 2012, the government of the then Prime Minister Tigran Sargsyan granted the company of then MP Alexander Sargsyan a three-year VAT payment extension for the importation of 40 Scania lorries (total value – 1.9 billion drams) from Sweden to Armenia. According to the government, the investment program was as follows: Hana-Trans planned to transport coal from the Maghavuz region of Artsakh to the Vardenis railway link via the imported trucks. The coal would then be shipped to Yerevan via Hana-Group Company. The raw material would then be used by the Yerevan TPP CJSC as a water-carbon fuel, which would generate electricity. In October 2012, the government decided to sell the former building of the railway hotel in Vardenis to Hana-Trans. Thus, it was not accidental that the company changed its address to Vardenis. Narek Sargsyan was then replaced by his father as the sole owner. Currently, the company has suspended operations. According to the website of the Military Insurance Fund, in 2017-2018 the company had 21-24 employees. This differs from the original business plan that envisaged fifty employees earning an average of 180,000 drams monthly.

In December 2011, Hanaservice LLC was registered, the sole shareholder of which was Narek Sargsyan, who later transferred his stake to his father. The address is in Vardenis, where Hana-Trans is also listed. The company was engaged…..