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Protest against bank loan fraud in Yerevan

YEREVAN, April 7. /ARKA/. A protest related to cases of fraud in banks and credit organizations in Armenia took place in Yerevan on Monday.

According to Mher Karagyozyan, head of the public organization “Public Control,” the participants of the protest demand the cancellation of loans that were issued illegally to citizens.

“They did not receive any loans and have no obligation to repay them. At the same time, their personal data was used by fraudsters. Over 200 citizens have already contacted us about this issue,” he said, adding that this concerns, in particular, three Armenian commercial banks.

Karagyozyan also stated that this is their final action to inform the public, explaining that if there is no change in the banks’ behavior, further actions will be taken.

“We consistently urge our citizens not to give their personal data to fraudsters, and banks must protect their clients from such tricks. After this protest, we plan to visit the Investigative Committee and expect to discuss these cases with an authorized employee of the Committee,” he said.

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