The House
In July 2024, Hayk Konjoryan -- a sitting MP, head of the Civil Contract parliamentary faction, holding the deciding voice on the legislative timetable of the ruling party -- purchased a 240 square metre house in Arinj, a village in Kotayk marz immediately to the east of Yerevan that has become the preferred residential locale of the post-2018 Civil Contract elite. The declared purchase price was 54 million AMD, approximately $135,000 USD.
The independent market valuation at the date of sale, obtained from comparable transactions and Yerevan-region real-estate index data, was approximately 75.6 million AMD -- about $190,000 USD. The discount: 21.6 million AMD, approximately $55,000 USD, or 28 percent below market. A discount of this scale on a residential property purchased by a senior elected official from a private counterparty is, by Armenian Anti-Corruption Committee standards, a presumptive in-kind benefit and requires explanation.
The Seller -- Milon Mining LLC
Milon Mining LLC is the registered seller. The name suggests mining as the company's primary registered activity; the e-register confirms. Milon Mining has, since 2018, received state mining permits in the Lori and Syunik regions. The director of Milon Mining is, per the Anti-Corruption Committee preliminary findings reported in Hetq and CivilNet coverage, a convicted fraudster identified as the brother of Hayk Konjoryan -- Avet Konjoryan.
A mining company directed by the buyer's convicted-fraudster brother selling residential real estate to the buyer at $55,000 under market is the structural setup of a self-dealing transaction. The political-economic question is what the company received in return -- whether by state mining permit, by regulatory forbearance, by procurement, or by the absence of further criminal enforcement against the director.
The Mortgage -- Armeconombank
The 54 million AMD mortgage on the house was issued by Armeconombank. Per the open Armenian banking-supervision filings, Armeconombank is controlled at approximately 71 percent by Khachatur Sukiasyan -- the Civil Contract MP profiled separately in OWL's Russia-capital-spine article published today. The SIL Group, Sukiasyan's holding, includes the bank as its core financial-services pillar.
The arrangement reads as a closed circle. CC faction head buys an under-market house from a mining company directed by his brother, financed by a bank controlled by his fellow CC MP. None of the four parties to the transaction -- Konjoryan, his brother, Sukiasyan, the bank -- have a structural incentive to flag any irregularity. The Anti-Corruption Committee's investigation, opened in early 2026, is the first external scrutiny mechanism to engage the file.
The HayPost Spouse
Shushan Aleksanyan, Konjoryan's wife, was appointed chief executive officer of HayPost, the state-owned national postal service, in 2022 -- a year after Konjoryan became head of the CC faction. Her declared salary, per the 2025 wealth-declaration cycle, is approximately 5.3 times her pre-appointment salary in a private-sector legal position. Her declared cash holdings are 10 million AMD plus $25,000 USD.
HayPost is a politically significant state-owned enterprise. It controls the country's postal logistics network, receives a substantial state subsidy, holds long-term real-estate assets, and is one of the larger employers in the rural-services sector. The CEO appointment of an MP's spouse is, in itself, the textbook nepotism pattern that the Anti-Corruption Committee was created to deter.
The Press-Credential Retaliation
In late 2024, after Zhoghovurd Daily journalists asked Konjoryan in a parliamentary corridor scrum about the Arinj house purchase, the National Assembly's press service withdrew Zhoghovurd's parliamentary press credentials. The credentials were eventually restored after public outcry. The retaliation itself, while temporary, is on the public record. The credentialing decision was made under the responsibility of the parliamentary speaker's office, which is itself under the operational control of the CC parliamentary leadership.
Retaliation against journalists who ask a single question about a publicly disclosed real-estate transaction by a senior elected official is, in a parliamentary democracy, a category-level scandal. In Armenia in 2024, it was a procedural inconvenience that lasted weeks.
The Anti-Corruption Committee Investigation
The Anti-Corruption Committee opened a formal investigation of the Arinj house transaction in February 2026. As of the writing of this article, the investigation is open. The Committee has not announced charges. The Committee's independence has been questioned across multiple files since its 2021 formation, and the institutional reality is that an investigation of the CC parliamentary faction head, by a body operating inside the Pashinyan-government legal architecture, is unlikely to produce charges before the 7 June election.
OWL is on the record that the file deserves the full attention of an independent prosecutor, that the Milon Mining permit history requires its own audit, that the Armeconombank mortgage book deserves third-party review, and that Shushan Aleksanyan's HayPost CEO compensation history should be reconciled against the company's state subsidy receipts. None of these are speculative. All of them follow directly from the declarations on the public record.
Sources: Hetq.am, 23 May 2026 (CC candidates summary) · Armenian e-register (Milon Mining LLC, Armeconombank) · Central Bank of Armenia banking supervision · Zhoghovurd Daily reporting · HayPost CJSC official site