Prosecutor’s Office launches money laundering inquiry against three individuals
The Prosecutor's Office of Georgia said its investigation showed the offenders had established a criminal enterprise in Georgia and opened bank accounts in order to fraudulently embezzle money from non-resident individuals. Photo: Nino Alavidze/Agenda.ge.
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The Prosecutor’s Office of Georgia has launched criminal prosecution against three individuals for fraud and money laundering committed against British and French citizens, the state body announced on Thursday.
The Office said its investigation showed the offenders had established a criminal enterprise in Georgia and opened bank accounts in order to fraudulently embezzle money from non-resident individuals.
The inquiry showed one of the offenders had introduced himself using a fictitious name to representatives of enterprises operating in France and Great Britain, convincing them his company owned a large vineyard in Georgia and France and receiving €600,000 from the targets of the scheme as an "investment" to his bank accounts.
With the aim of legalising the illegal income, the conspirators then transferred the money into their own bank accounts abroad, the Prosecutor’s Office said.
The crime is punishable by nine to 12 years in prison.
Five individuals have been arrested, with wider proceedings launched against a group of 17 persons, by the Prosecutor's Office and interior ministry for extortion of tens of millions of GEL from foreign citizens and money laundering.
The General Prosecutor's Office of Georgia has uncovered a transnational fraud scheme and launched criminal prosecution against two individuals.
The Georgian law enforcement agencies, in cooperation with Germany, have arrested seven members of an international criminal group in Georgia which ‘fraudulently embezzled millions of euros from German citizens and laundering of illegal income.’
The General Prosecutor's Office of Georgia is investigating a potential money laundering case concerning transactions worth tens of millions of US dollars in various currencies. As part of the investigation the officers of the General Prosecutor's Office of Georgia searched several objects in Tbilisi to confiscate documents and electronic devices.
Customs officers of the Georgian Revenue Service seized about $95,000 in undeclared money at airports in the capital of Tbilisi and the northern Kazbegi region, the state service announced on Friday.
The Prosecutor’s Office of Georgia has charged a Turkish businessman for illegal purchase and possession of “especially large amounts” of drugs in Georgia’s Black Sea city of Batumi, the Office said on Thursday.
Customs officers of the Georgian Revenue Service seized about $18,060,000 in undeclared money at Batumi and Kutaisi airports in Georgia’s west and the northern Kazbegi Customs Checkpoint, the state service announced on Friday.