Georgian Prosecutor General’s Office solves case of fraud targeting Procter & Gamble

The Georgian Prosecutor General’s Office on Thursday said it had solved a transnational crime and charged two individuals and a company for money laundering that targeted Procter & Gamble, a United States-based multinational consumer goods corporation. 

The body said the alleged offenders had contacted the corporation with a fake email of a partner firm and fraudulently obtained €333,132, transferred by the corporation following the exchange to a bank account of a fictitious company in Georgia. 

The group later transferred the money abroad in several batches, the Office added, noting the individuals had been charged with fraud in France. 

Arrested and sentenced to preventative detention, the individuals face nine to 12 years in prison if found guilty by Georgian courts, while their company may be closed, fined or banned from work. 

The body also noted it was proceeding with the investigation into the case to reveal other potential offenders.