“Officers of the Moscow Administration for Economic Security and Corruption Control, the General Investigation Administration of the Russian MIA General Administration for Moscow, the Investigation Administration of the MIA for the Republic of Dagestan together with the ‘K’ Administration of the Economic Security Service of the Russian FSB implemented a complex of investigation and search measures aiming to suppress illegal banking,” said Russian MIA official representative Irina Volk.

As was established, members of an interregional organized ethnic group, including a former employee of a credit institution, using details of controlled fictitious organizations, had carried out illegal banking transactions in Russia that had brought them illegal income exceeding 10 million rubles.

“Relying on the materials of the check performed by officers of the MIA and the Russian FSB, the investigator of the General Investigation Administration 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 “Illegal banking” of the Criminal Code of the Russian Federation.

Officers of the Administration for Economic Security and Corruption Control carried out 14 searches in the offices and places of residence of the suspected gang members both in Moscow and Dagestan. In the course of the searches, the police detected and seized over 100 million rubles, more than 800 seals of supposedly fictitious controlled entities, as well as other items and documents of evidential significance for the investigation of the criminal case,” noted Irina Volk.

Seven persons were apprehended on suspicion of that crime. By now, they have been accused of the crime charged. The suspects have given written undertaking not to leave and to behave properly.

The investigation of the criminal case is ongoing.