Law-enforcement authorities detain two men suspected of selling fake euros

YEREVAN, April 30. / ARKA /. Armenia’s law-enforcement authorities have detained two men suspected of selling a large batch of fake euros as part of a criminal case, being handled by the Investigative Committee’s branch in the town of Ararat, the administrative center of the same name province.

According to a news release by the Investigative Committee, a chief accountant of a bank branch in the town reported to local law enforcement bodies that an unknown man had exchanged eighteen 500 euro worth banknotes at the branch from 25 to 30 March.

Acting on the report, the law-enforcement bodies opened a criminal case under part 3 of Article 202 of the Criminal Code of Armenia (preparation, storage or sale of counterfeit money in especially large amount).

As a result of a string of operative measures the law-enforces managed to identity the person, who sold fake euro banknotes and also where he obtained them from.

According to the investigation, the fake euros were brought to Armenia from Greece by a forwarding company and acquired by the man, a 28 year-old resident of the town.

He gave the banknotes to another Armenian citizen for exchanging them for drams. The Investigative Committee said the inquiry into the case continues. M.V. -0-

spot_img

POPULAR

Business, Banks, and Investment: Biodiversity Financing to be Discussed at COP17 in Yerevan

A "Business and Biodiversity Forum" will be held in Yerevan as part of COP17, focusing on the private sector's role in achieving international biodiversity conservation goals.

Aggregate assets of Armenian banks grew by 20.82% to 14.46 trillion drams by the end of September 2026

As of September 30, 2026, the aggregate assets of Armenian banks reached 14.46 trillion drams, an increase of 20.82% compared to September 30, 2025, according to an operational bulletin from the ARKA news agency.

Unibank Receives B++ Sustainability Alignment Rating from Agents for Impact GmbH

Unibank has received a Sustainability Alignment Rating of B++ from Agents for Impact GmbH (Frankfurt, Germany).

World Bank Group Mobilizes $342 Million in Private Capital in Armenia in FY2026—a 56-Fold Increase Since FY2022

The World Bank Group mobilized $342 million in private capital in Armenia during the 2026 fiscal year—a 56-fold increase compared to the $6 million recorded in the 2022 fiscal year, the World Bank’s Armenia office reported.

EFSD Raises Armenia’s 2026 Economic Growth Forecast to 5.8%

The Eurasian Fund for Stabilization and Development (EFSD) has raised its GDP growth forecast for Armenia for 2026 to 5.8%, up from the previously expected 5.5%.

LATEST NEWS

spot_imgspot_imgspot_img