Leave the office to control the family business

08/09/2009

According to our information, the rumors that the head of the president’s administration Michael Minasyan, who is the son-in-law of the president, may resign are true, and it is not excluded that he may resign in a couple of days. According to our sources of information, the reason is not a conflict but the fact that Serzh Sargsyan wants to coordinate the businesses under his control and wants to appoint his son-in-law in this area to control the businesses. As for Michael Minasyan, besides importing a number of products and running cafe businesses, he has ambitions to enter the media market as well. He has stocks in ATV company (former Armen-Akob TV). There are rumors that he wants to buy another TV company as well and it is a long time that he is negotiating with Tigran Karapetyan to buy his ALM TV company. Michael Minasyan is interested in the sector of media because certain political rearrangements are expected. Rumors say that Serzh Sargsyan wants to activate the MIAK party, which is in fact under the control of Michael Minasyan, for the purpose of establishing a political power alternative to the RPA. Thus, it means that the MIAK will get a patronage during the upcoming elections to be elected in the parliament.