Widely known as "Lfik Samo". The nickname "Lfik" comes from the Russian word for bra, as Samvel's father had a bra shop in Soviet times.
Excerpt From: BIG FISH LARGELY UNAFFECTED AS YEREVAN CRACKS DOWN ON TAX EVASION
By Emil Danielyan
Monday, May 9, 2005
Eurasia Daily Monitor
Another millionaire "loss-maker" is Samvel Aleksanian, whose Fleetfood company enjoys a de facto monopoly on the highly lucrative imports of wheat, sugar, alcohol, and cooking oil to Armenia. The company posted zero profits in the first quarter. Armenian importers of fuel, which run a cartel-type business, were more generous in that regard, each of them diverting between $14,000 and $140,000 of their earnings to the state budget. And yet they may well be more profitable than a copper mining enterprise that was declared Armenia's number one corporate taxpayer after paying a $3.4 million first-quarter profit tax.
Both Aleksanian and the fuel importers are thought to be operating under the tutelage of Kocharian's most powerful associate, Defense Minister Serge Sargsyan. The volume of their commodity imports shown in the official statistics has long caused suspicion. Many in Armenia wonder, for example, why fuel imports to the country have remained largely flat in recent years despite a substantial increase in the number of cars.