The Federal Security Service (FSB) of Russia has arrested Levon Hayrapetyan, one of the wealthiest representatives of the Armenian Diaspora in the world, Armenia Now reported citing Rosbalt news agency.

The arrest took place as part of an ongoing investigation conducted by the Russian Investigatory Committee into the activities of one of the local criminal groups.

The Russian news agency quotes a source at the country’s special services as saying that Hayrapetyan was detained by FSB workers at Domodedovo Airport in Moscow on July 15 after he arrived in the Russian capital from Monaco.

The businessman was convoyed to the Investigatory Committee for questioning and it was there that he was officially notified about his arrest. Investigators plan to ask the court to remand Hayrapetyan into prison while the matter is being investigated.

According to reports, Hayrapetyan is suspected of connections to the criminal group led by Sergey Finagin, one of Russia’s notorious crime figures.