Property and Income of Taron Margaryan and his Wife according to Declarations

Taron Margaryan, who currently holds the position of the deputy of the National Assembly, has worked in various state bodies since 2001. In 2005 he was elected and in 2008 was re-elected the Head of Avan Community of Yerevan city. In May-July 2009, member of Yerevan Council of Elders. In 2009-2011: First Deputy Mayor of Yerevan. On 2011-2018 held the post of Mayor of Yerevan. In 2010-2018 he was a member of Board and the Union of “Yerkrapah” Volunteers Public Organization. In 2013-2019, President of the Yerevan Chess Federation. He is the Vice President of the Chess Federation of Armenia.

On 20 June, 2021 he was elected a member of the National Assembly on the nationwide electoral list of the “With Honor” Alliance.

Iravaban.net presents his property and income according to the submitted declarations.

In 2011, while assuming the post of Mayor of Yerevan, he declared: 115,000,000 AMD, 50,000 USD, 50,000 EUR, 4,039,265 AMD income received from salary.

In 2012, 2013, Taron Margaryan’s funds remained unchanged. Accordingly, the income was 4,713,600 AMD from the received salary, 7,333,040 AMD from the received salary and the alienation of two properties.

In 2014, he alienated a plot of land for AMD 156,473,000, and a Range Rover Supercharged 4.2 Vogue car for AMD 15,000,000. His funds were: 250,000,000 AMD, 50,000 USD, 50,000 EUR. The income, apart from the amount of alleinated properties, was 4,533,040 AMD from the salary received.

In 2015, the funds remained unchanged, the income was 5,254,540 AMD from the salary received.

In 2016, Taron Margaryan alienated a Mercedes-Benz G500 car for 25,000,000 AMD, the funds amounted to 250,000,000 AMD, 45,000 USD, 50,000 EUR. Income, apart from the amount of alleinated properties, amounted to 5,254,540 AMD from the salary received.

In 2017, when re-assuming the position of Yerevan Mayer, Margaryan declared:

  • 2 apartments,
  • 2 garages,
  • individual residential house,
  • summer house,
  • public building,
  • industrial building,
  • Mercedes-Benz S 450 car,
  • Security: 25,000 AMD,
  • 250,000,000 AMD,
  • USD45,000
  • 50,000 EUR,
  • 5,036,840 AMD income from salary.

In the annual declaration of 2017, it was mentioned that the share worth 25,000 AMD was sold for 1,800,000 AMD. And the income received from salary at the end of the year was 8,121,769 AMD.

In 2018, when terminating the position of Mayor of Yerevan, Taron Margaryan declared  the above 8 real estates, the car, and funds: 200,000,000 AMD, 45,000 USD, 50,000 EUR and income from salary: 2,973,011 AMD.

In 2021, while assuming the post of Deputy of the National Assembly,  he declared:

  • public building – joint ownership, acquired in 2007, Vayots Dzor, Jermuk,
  • immovable property actually owned by him for more than 90 days, which has not yet received state registration of rights (individual residential house) – in Yerevan, in Avan,
  • Mercedes-Benz car – produced in 2007,
  • 11,311,459 rubles in a bank account,
  • USD 34,099 in bank account
  • 9,934 EUR in a bank account,
  • 97,000,000 AMD in cash,
  • USD 15,000 in cash
  • 40,000 EUR in cash.

In the annual declaration of 2021, his funds amounted to:

  • 1,393,268 rubles in a bank account,
  • USD 31,398 in bank account
  • 5014 EUR in a bank account,
  • 27,130 AMD in a bank account,
  • 89,000,000 AMD in cash,
  • USD 13,000 in cash
  • EUR 40,000 in cash
  • 3,080,500 income from salary received.

Taron Margaryan also declared the travel expenses (airfare, train, bus, ship tickets) and accommodation expenses for recreation: 2,500,000 AMD.

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Taron Margaryan is married and has six children.

His wife Gohar Sargsyan declared:

2011 – 50,000,000 AMD,

2012 – 50,000,000 AMD, donated property worth 39,060,000 AMD,

in 2013-2017 – 50,000,000 AMD,

2021:

  • apartment with joint ownership – Yerevan, Avan administrative district,
  • an individual residential house actually owned by her for more than 90 days, the owner of which is Nahapet Margaryan – in Yerevan, Avan administrative district,
  • 1,287 EUR in a bank account,
  • USD 9,000 in cash
  • USD 8,000 in cash
  • 39,000,000 AMD in cash.

In the annual statement for 2021, her funds were:

  • 904 EUR in a bank account,
  • USD 7,000 in cash
  • 8,000 EUR in cash,
  • 35,000,000 AMD in cash.

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Taron Margaryan’s children: Nahapet, Andranik, Susanna, Mushegh, Smbat, Gevorg Margaryan submitted declarations in 2017, in which nothing was filled in.

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Let us add that on 11 January, the General Prosecutor’s Office announced that on 27 December, 2022, the Anti-Corruption Court accepted the twenty-fourth lawsuit filed by the Prosecutor’s Office regarding the confiscation of property of illicit origin.

The Department for Confiscation of Property of Illicit Origin of the RA General Prosecutor’s Offices submitted a claim to the court to confiscate in favor of the Republic of Armenia from Taron Margaryan, a member of the RA National Assembly, former Mayor of Yerevan, and six persons affiliated with him:

  • Six residential houses located in Avan Administrative District of Yerevan city, one area of ​​public significance, one summer house located in Jermuk city of Vayots Dzor region, two vehicles, and in case of impossibility, their average market value, which is 1 billion 528 million 800 thousand 500 AMD .
  • Average market value of participation in one legal entity.
  • Average market values ​​of one immovable and three movable properties in Yerevan.
  • 853 million 402 thousand 782 AMD, of which 755 million 154 thousand 928 AMD are the balance of illegal income and 98 million 247 thousand 854 AMD, which are not justified by the legal income of a person, have an illicit origin and cannot be confiscated based on Part 4 of Article 20 of The Law on Confiscation of Property of Illegal Origin. (if the property of illicit origin has been transferred to a bona fide acquirer, or it is impossible to identify, separate or confiscate it, then by the court’s decision, if there is a corresponding demand, the property of illicit origin may be confiscated from the defendant in the amount equal to the market value of the property at the time of filing the claim).

Family photo from Taron Margaryan’s Facebook page

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