Prosecutor General’s Office charges foreign citizen with money laundering

The Prosecutor General’s Office of Georgia has charged a foreign citizen with money laundering in absentia in a case involving transnational crime. Photo: video grab.

Agenda.ge, 02 Dec 2022 - 15:14, Tbilisi,Georgia

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 body said the individual had deposited ₾7 million (about $2.5 mln) in illegally obtained money to personal bank accounts in a Georgian-based bank, after providing fraudulent real estate purchase agreements on the origins of the money.

The fraudulent financial documents stipulated they had received the money in Georgia’s Black Sea city of Batumi in transactions for sale of real estate abroad.

Preventing the offender from disposing the money, the Prosecutor General’s Office seized the funds from the account, the body added.

The body said combating money laundering “remains one of the priorities” of the Prosecutor’s Office of Georgia.

The crime is punishable by between nine and 12 years in prison.