MOSCOW, March 2 (RAPSI) - Investigators have finished probing the case of an organized crime leader who made hundreds of million rubles through unlawful acts, RIA Novosti reports citing the Moscow Department of the Interior Ministry.

As earlier reported, on August 19, 2014, a special investigation at several loan institutions was conducted simultaneously to prevent illegal banking activity by the organized criminal group.

The police allege that the group has been using the bank details of dummy companies to carry out financial transactions without registration or license. The banks assisted in wire transfers from the accounts of the associated companies to regularly transfer cash to companies and individuals for a fee.

The investigators found that the alleged criminals earned hundreds of millions of rubles from these transactions. A criminal case based on unlawful banking activity was opened.

The alleged crime boss has been charged with illegal banking activity punishable by up to seven years in prison. The investigation against other group members continues.