An illegal bank has been shut down in Irkutsk

In Irkutsk, a group of Chinese entrepreneurs was detained, who, according to police, had been illegally conducting banking operations for several months and transferring money to China without registration or Central Bank permission. During the search, payment documents, account books and large amounts of cash were seized, and the clients of the underground financial institution were traders from clothing markets. According to the Interior Ministry, tens of millions of rubles passed through this scheme daily, used to support illegal business and buy timber.

A group of Chinese entrepreneurs engaged in illegal banking operations has been detained in Irkutsk. This was reported by the press service of the Main Internal Affairs Directorate for the Irkutsk Region.
The detainees worked without registration as a legal entity or a special permit from the Central Bank of the Russian Federation. For several months they illegally transferred money to China. During the arrest, payment documents, notebooks recording incoming funds, as well as 1.2 million rubles in cash were seized from the suspects.
- Based on the materials, a criminal case has been opened under Article 171. If the guilt of the Chinese citizens who were engaged in banking activities is proven, they will face punishment, - said Vladimir Kozulin, head of the operational-search unit of the Department for Combating Economic Crimes at the Main Internal Affairs Directorate for the Irkutsk Region.
As punishment, they face up to five years in prison. The clients of the underground financial institution were traders from clothing markets. According to operational data, tens of millions of rubles passed through it every day. As representatives of the Ministry of Internal Affairs stated, these funds were used to support illegal business in the region and to buy up timber. During the search, police seized more than one and a half million rubles.