Armenian Government Uncovers Large-Scale Import and Shadow Circulation of 113 Million Russian Rubles
YEREVAN — Armenia’s State Revenue Committee (SRC) has intensified efforts to monitor the movement of cash across the country’s air and land borders, aiming to ensure financial transparency and prevent potential violations.
During investigative operations, the SRC’s Investigation and Intelligence Department obtained information that several individuals had arrived in Armenia by air carrying a total of 113 million Russian rubles in cash.
Upon arrival at Zvartnots International Airport, the individuals were detained based on reasonable suspicion of committing a crime under the Criminal Code. They were subsequently taken to the SRC’s Investigation and Intelligence Department and formally arrested.
Additionally, investigative measures revealed that a number of individuals had repeatedly imported cash amounts ranging from 18 million to 100 million Russian rubles into Armenia.
It was determined that the imported cash was being directly supplied to certain currency exchange offices operating in Yerevan, indicating potential involvement in shadow financial circulation.
