Official and milliardaire: Vahe Hakobyan`s annual income

Vahe Hakobyan, head of State water committee of the RA Ministry of Territorial Administration, holds this position since September 4, 2014.

According to the annual property and income declaration published by the Commission on Ethics of the High-Ranking Officials, in the course of 2013 Vahe Hakobyan possessed 2 milliard 486 million 875 thousand 356 AMD. of which 3 million 67 thousand 406 AMD has been obtained as a job salary and/or equal payments. The other part has been obtained as dividends, percentages for given loans and other compensation, and received loans. 

At the beginning of the fiscal year the official had 1 milliard 500 million AMD, and at the end of the fiscal year – 2 milliard 100 million AMD and 1 million USD. In the course of the fiscal year Vahe Hakobyan has registered alienated movables as of a Porsche Cayenne S 4.8 worth 35 million AMD and a Mercedes-Benz G 500 worth 35 million AMD.

At the beginning of the fiscal year the official has registered 2 milliard 919 million 976 thousand 156 AMD of loan, and at the end of the fiscal year – 3 milliard 790 million 821 thousand 856 AMD of loan.

His wife, Hasmik Hovakimyan, also submitted a declaration as an affiliated person. In the course of 2013 she did not register any income or financial means.