Court sentences foreign citizen to 6 years for money laundering
The sum had been obtained “through criminal means” abroad, the state body noted, with the individual using the funds to buy real estate and luxury cars, subsequently confiscated by Georgian law enforcers. Photo: Nino Alavidze/Agenda.ge.
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A foreign citizen has been sentenced to six years in prison for money laundering after Tbilisi city court accepted evidence submitted by the prosecutor general’s office of Georgia in the case.
The prosecutor’s office said evidence had shown the offender bringing in ₾1,400,000 (about $495,961) in different currencies to Georgia with the purpose.
The sum had been obtained “through criminal means” abroad, the state body noted, with the individual using the funds to buy real estate and luxury cars, subsequently confiscated by Georgian law enforcers.
The offender has been fined ₾500,000 (about $ 177,129) and is set to face up to six 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 Prosecution Service of Georgia has launched criminal proceedings against three legal entities and an individual for fraud and money laundering, the state body announced on Monday. The body said its investigation had established the “transnational organised crime group” had fraudulently embezzled about $2 million from the Director of a Hong Kong-based company.
Kutaisi City Court in Georgia’s west has charged an individual with fraudulent embezzlement of money from citizens using false pretenses, including a promise of releasing a prisoner from detention, the Prosecutor’s Office said on Wednesday.
The Prosecutor’s Office of Georgia has launched criminal proceedings against a criminal group for fraud and money laundering, the state body announced on Tuesday.
The Prosecutor General’s Office of Georgia has charged a foreign citizen with money laundering in absentia in a case involving transnational crime, the state body announced on Friday.
The Prosecution Service of Georgia on Friday said its Criminal Prosecution Division had detained the former Financial Director and two employees of the Central Republican Hospital in the Georgian capital city of Tbilisi for fraudulent misappropriation of “a large amount of money belonging to the state” and exceeding authority.