Investigative Committee: Criminal organization accused of stealing  119 million AMD from various banks in Armenia

ArmInfo. A criminal organization created by E.N. was involved in stealing large sums of money from several banks operating in the Republic of Armenia until January  2024.

Particularly, according to the Investigative Committee, a criminal  organization was created by E.N. and managed until January, 2024,  which was mainly aimed at stealing large amounts of credit funds from  a number of banks operating in the Republic of Armenia.   Particularly, the leader of the criminal organization directed  Georgia's citizens, Armenians by nationality, to apply to different  banks for loans, not intending to meet credit obligations in the  future.  Then the loan funds were transferred to the borrowers' bank  cards, or provided in person, after which E.N.  kept 30-50 percent of  the loan amount for herself and returned the rest to the borrowers.

As a result of receiving loans by 33 individuals involved in the  aforementioned activities carried out by a criminal organization, a  number of banks were caused damage in particularly large amount, a  total of 119 million 236 thousand 568 AMD.

Besides, E.N. also sold fake driver's licenses and passports among  Georgian-Armenians for their use.  Public criminal prosecution was  initiated against 10 individuals according to the Part 1 of the  Article 318, the Part 1 of the Article 319, the Points 1 and 3 of the  Part 3 of the Article 255, the Point 1 of the Part 3 of the Article  296 and the Part 2 of the Article 457 of RA Criminal Code.  Detention  was imposed as a pretrial measure to the organization leader and one  of those involved, home detention was imposed to another person  involved in the criminal organization.  Preliminary investigation is  ongoing.