More Than 28 Million Drams Stolen Using Computer Technology

The Investigative Committee of the Republic of Armenia has uncovered a series of circumstances surrounding the theft of over 28 million AMD using computer technology, committed by four individuals.

The preliminary investigation revealed that the four suspects, all clients and cardholders of the same bank, intended to steal a significant amount of someone else's property using computer technology. In October 2019, they transferred money online from their current accounts to their card accounts. Subsequently, they moved the funds to another bank account.

After that, by entering the wrong password, they blocked their cards and, taking advantage of the functional peculiarities of the card processing center, they managed to cash out and steal money that physically did not exist in their accounts, with one of them attempting to withdraw cash.

Based on a sufficient combination of evidence, decisions have been made to charge three of them under the first point of the third part of Article 181 of the RA Criminal Code (theft committed using computer technology), while the fourth is being charged under the first point of the third part of Article 34-181 (attempted theft committed using computer technology). Three of them have been declared wanted, and their precautionary measure has been selected as detention.

Measures are being taken to ensure an objective, complete, and comprehensive investigation of the incident, along with identifying and locating possible accomplices and individuals involved in the committed theft. The preliminary investigation is ongoing.