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Member of criminal group that embezzled 10.9 million euros found after 11 years

News | 2026/08/10 13:02

Member of criminal group that embezzled 10.9 million euros found after 11 years

A member of the criminal group that embezzled 10.9 million euros has been found in Russia

During the preliminary investigation of the criminal case initiated on September 28, 2013, it was established that several citizens of Iran and Armenia, with the intent to embezzle a total of 10 million 980 thousand euros transferred to a bank in Armenia, used fraudulent documents regarding loan agreements, previously coordinated with the bank's management.

Thus, on August 1, 2012, 1 million euros was transferred to the account of a company managed by one of the members of the criminal group, and the remaining 9 million 980 thousand euros were transferred to another company's account on October 3, 2012.

On January 27, 2015, V.M. and other individuals were charged and placed on the wanted list.

As a result of measures taken by Armenian law enforcement agencies, V.M., who had been on the run for about 11 years, was found and arrested in Russia, and on June 18, 2026, he was extradited to Armenia.

During the preliminary investigation, a new public criminal prosecution was initiated against V.M.

Notice: the accused is presumed innocent until proven guilty by a court.

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