YEREVAN, May 21. /ARKA/. A criminal group that stole large amounts of credit funds from various banks has been uncovered in Armenia, the press service of the Investigative Committee reports.
Within the framework of the criminal proceedings investigated by the Investigative Committee , factual data on the creation of a criminal group by a citizen was established. He headed it until January 2024. The main purpose was to steal large amounts of credit funds from banks through fraud.
In particular, the head of the criminal group helped Georgian citizens of Armenian nationality to apply to various banks for loans without having any intention to fulfill credit obligations in the future.
The loan funds were then transferred to the borrowers’ bank cards or handed over, after which the person kept 30-50% of the loan amount and returned the rest to the borrowers.
Thus, as a result of receiving loans from 33 persons, a number of banks suffered damages for a total of 119.3 million drams (more than $309 thousand).
Besides, this person also sold fake driver’s licenses and passports to Georgian Armenians.
Public criminal prosecution under the relevant articles of the Criminal Code of Armenia was initiated against 10 persons. The head and one of the participants of the criminal group were arrested as a measure of restraint, while the other participant was placed under house arrest. -0-
