"Haykakan Zhamanak": PAP leader had AMD 21.433bn, $60.081m and €40m over the past year.

Over the past year, Chairman of the Prosperous Armenia Party (PAP) Gagik Tsarukyan’s incomes totaled AMD 21.433bn, $60.081m and €40m.

The figures are indicated in his income statement and property report.

According to the documents, Tsarukyan owns three diamond rings worth $3m, $1m and $700,000 respectively, three wristwatches (one $300,000 worth, two $500,000 worth each).

As of March 1, 2012, the PAP leader had the following bank accounts: AMD 1.161bn, $30.73m and €20.483m. He also reported furniture worth a total of $800,000. Tsarukyan holds shares of 32 companies. He owns buildings with a total area of 9,000sq meters, and land with a total area of about 32 hectares.

Tsarukyan is also owner of seven cars. A Rolls-Royce Phantom Coupe was the latest car he purchased in 2008.