Wed, 14 May
12.8 C
Yerevan
USD: 388.08 RUB: 4.81 EUR: 430.96 GEL: 141.56 GBP: 512.46
spot_img

Head of credit organization and his subordinates accused of fraud and embezzlement

YEREVAN, June 17. /ARKA/. Armenia’s Investigative Committee has accused today the head of Mega Credit organization and some of his subordinates of embezzlement and fraud, asking all those citizens who may have suffered from their fraudulent scheme to contact it.

The Investigative Committee said it was working currently to clarify all the circumstances of fraudulent activities and find out the circle of people affected by them.

It said in April 2020, several citizens who had applied to Mega Credit for a loan, turned to law-enforcement bodies to report that part of the money they were to receive as loans had been stolen.

A criminal case was opened on the grounds of fraud. According to investigation, the head of the credit organization and his subordinates advertised their mediation services on Facebook social network, offering their help in receiving loans from banks and credit organizations, demanding in return 30% of the loan amount as payment for the service.

The head and his subordinates filled out online applications on behalf of citizens, however in one case they paid only half of the loan amount to the client, and in the other they did not transfer money to the borrower at all.

A suspect or accused of an alleged crime is presumed innocent until proven guilty according to a court ruling that enters into legal force in the manner established by the Code of Criminal Procedure of Armenia. -0-

spot_img

POPULAR

US dollar slightly down  against dram

The average market exchange rate of the U.S. dollar to the Armenian dram on May 7, 2025, decreased by 0.18 points compared to May 6 and amounted to 389.28 drams.

US Dollar and Euro Exchange Rates Down Against Armenian Dram

As of May 2, 2025, the average market exchange rate for the U.S. dollar decreased by 0.53 points compared to April 30, landing at 389.41 drams.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Market capitalization increased by 39% in April over the year, exceeding AMD 462 billion – Armenian Stock Exchange

Stock market capitalization increased by 39% in April over the year, exceeding AMD 462 billion, the press service of the Armenia Securities Exchange (AMX) reported.

Converse Bank Joins the Asian Development Bank’s Green Finance Commitment

Converse Bank announces its participation in the Asian Development Bank’s (ADB) technical assistance program “Advancing Green Finance for Sustainable Development.”

LATEST NEWS

spot_imgspot_imgspot_img