Central Bank of Armenia (CBA) refuted rumors spread in the Armenian press about inspections made by the FBI officers in the local banks.

This information is untrue, CBA press secretary Zaruhi Barseghyan informed NEWS.am. “It is impossible, no one can carry out inspections,” she added.

As NEWS.am reported earlier, the Armenian Haykakan Zhamanak newspaper wrote that CBA informed all the banks of forthcoming inspections. According to the source, FBI officers who have arrived in Armenia to specify links of the criminal group arrested in U.S. will also participate in the inspections.

Members of criminal group transferred large amounts to Armenia, using bank remittance as well.

Information on bank transfers in stored in the Central Bank of Armenia, but Americans do not rely on this information and want to check everything in each bank.

As NEWS.am reported earlier, Armenian white collar criminals and their associates used phantom health care clinics and other means to try to cheat Medicare out of $160 million, the largest fraud by one criminal enterprise in the program’s history. The operation was under the protection of an Armenian crime boss Armen Kazarian, nicknamed Pzo. He was also among the first arrestees in Los Angeles.