“Officers of the Administration for Economic Security and Corruption Control of the Russian MIA General Administration for Moscow detained two persons suspected of illegal banking,” said the Russian MIA official representative Irina Volk.

The police established that the malefactors had regularly provided cash-out services to legal entities and individuals. For that purpose, they used controlled fictitious organizations that received funds to their payment accounts under forged contracts. The income from the unlawful activity exceeded 500 million rubles.

The Investigation Unit of the Internal Affairs Administration for the Northern Administrative District of the Russian MIA General Administration for Moscow initiated a criminal case on that fact based on essential elements of a crime stipulated by Article 172 of the Criminal Code of the Russian Federation.

As a result of the investigation and search measures, the police detained two suspects. The court imposed a restraint in the form of house arrest on the detained persons.

Within the preliminary investigation, the police carried out searches at the suspects' offices and places of residence and confiscated seals and documents on fictitious organizations' financial and business operations, electronic media, personal computers, as well as other items and documents of evidential significance for the investigation.