$4.2 Million Stolen from Armenian Bank's ATMs
Armenia’s Investigative Committee reports that it has uncovered the theft of 1.609 billion AMD (around US$4.2 million) from ATMs operated by a commercial bank in the country.
The IC doesn’t name the bank.
The IC claims that bank staffers, in cahoots with employees of the Armenia Collection Service CJSC, carried out 160 ATM robberies during April-November 2021.
The money, according to the IC, was used to purchase property in a money laundering scheme.
The case has been sent to the courts for prosecution.