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

Renshin and GTB are uniting around the Cascade project

The memorandum of strategic cooperation signed between Renshin and GTB Development sets a new benchmark in Armenia's urban development and investment landscape.

EBRD to Launch AMD 5 Billion Floating-Rate Bond Offering in Armenia

The European Bank for Reconstruction and Development (EBRD) is set to launch a new AMD 5 billion floating-rate bond issuance in the Armenian capital market, reaffirming its commitment to supporting the development of local currency financing and deepening Armenia’s financial markets.

EDB has identified three main drivers of economic growth in Armenia

The Eurasian Development Bank (EDB) has identified the services sector, construction, and industry as the main drivers of economic growth in Armenia in January–May 2026.

Coffee, a Break, and Up to 10% idcoin with Idram&IDBank

Sometimes the best ideas are born not in the office or around the meeting table, but during a break.

Reverse mortgages for pensioners and new property rights for spouses will be introduced in Armenia

At an extraordinary session on Friday, the National Assembly of Armenia adopted, in the second and final reading, amendments to the Civil Code of the Republic of Armenia, introducing the concept of reverse mortgages and a new type of property rights for spouses.

LATEST NEWS

spot_imgspot_imgspot_img