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CRIMINAL CODE OF THE REPUBLIC OF ARMENIA

Article 213. Usury.

  1. Usury is loaning money or property at an interest rate more than twice exceeding the one of the Central Bank of the Republic of Armenia, as well as making deals with individuals on extremely unfavorable conditions of which the other party took advantage, is punished with a fine in the amount of 300-500 minimal salaries or with imprisonment for up to 2 years.
  2. The same act,

1) as a result of which the aggrieved found oneself in a dire financial situation,

2) committed as profession,

3) committed using the minor age of the aggrieved or retarded mental development,
is punished with a fine in the amount of 400-600 minimal salaries, or with imprisonment for up to 4 years.

Article 190. Legitimizing (legalizing) illegally obtained income.

  1. Financial or other transactions with obviously illegally obtained financial resources or other property for the purpose of using such funds or property for entrepreneurial or other economic activity, to conceal or distort the essence, origin and whereabouts of these assets or rights pertaining to them, their placement, movement or actual identity, is punished with a fine in the amount of 300 to 500 minimal salaries, or with imprisonment for the term of up to 4 years with or without a fine in the amount of 50 minimal salaries.
  2. The same action committed:

1) in large amount;

2) by a group with prior agreement, is punished with imprisonment for the term of 4 to 8 years, with or without property confiscation.

  1. The action envisaged in part 1 or 2 of this Article which was committed:

1) in particularly large amount;

2) by an organized group,

3) abuse of official position, is punished with imprisonment for the term of 6 to 12 years, with or without property confiscation.

  1. For the purposes of this Article, by large amount we mean an amount (value) exceeding 1000 minimal salaries, while particularly large amount exceeds 3000 minimal salaries..

Article 178. Swindling.

  1. Swindling, i.e. theft in significant amount or appropriation of somebody’s property rights by cheating or abuse of confidence, is punished with a fine in the amount of 300 to 500 minimal salaries, or correctional labor for 1-2 years, or with arrest for the term of up to 2 months, or with imprisonment for the term of up to 2 years.
  2. The same action committed

1) by a group with prior agreement,

2) in large amounts;

3) repeatedly,

4) committed by a person convicted for crimes envisaged in Articles 175-182, 234, 238, 269 of this Code, is punished with a fine in the amount of 400 to 700 minimal salaries, or with imprisonment for the term of 2 to 6 years and with or without a fine for the amount of 50 minimal salaries.

  1. Swindling committed:

1) in particularly large amount;

2) by an organized group,

3) committed by a person with two or more convictions for crimes envisaged in  Articles 175-182, 222, 234, 238, 269 of this Code, is punished with imprisonment for the term of 4 to 8 years, with or without property confiscation.

Article 179. Squandering or embezzlement.

  1. Squandering or embezzlement is theft of somebody’s property entrusted to the person in significant amount, punished with a fine in the amount of 300 to 500 minimal salaries, or correctional labor for 6 months to 1 year, or with arrest for the term of up to 2 months, or with imprisonment for the term of up to 2 years.
  2. Same actions:

1) with abuse of official position,

2) committed by a group with prior agreement;

3) in large amount,

4) repeatedly,

5) committed by a person who committed crimes envisaged in Articles 175-182, 234, 238, 269 of this Code, are punished with a fine in the amount of 400 to 700 minimal salaries, or imprisonment for 2-4 years, with or without deprivation of  the right to hold certain posts or practice certain activities for up to 3 years.

  1. Action envisaged in part 1 or 2 of this Article, committed:

1) in particularly large amount;

2) by an organized group,

3) committed by a person with two or more convictions for crimes envisaged in  Articles 175-182, 222, 234, 238, 269 of this Code, is punished with imprisonment for the term of 4 to 8 years, with or without property confiscation.