One charged with illicit income legalisation, tax evasion

The Investigation Service of the Ministry of Finance of Georgia on Tuesday said it had launched proceedings against an individual after identifying “illegal entrepreneurial activity”, legalisation of illicit income and tax evasion in the country’s Black Sea region of Adjara.

The Service said the offender had illegally obtained 286,241 cubic metres of inert materials while operating without a necessary license, and received ₾431,916 ($166,775) in illegal income through its sale.

Other charges against the arrested person include tax evasion, with the body saying the offender had “systematically” been involved in submitting incorrect income declarations for a company under their management.

The tax evasion attempts resulted in losses of around ₾316,653 ($122,269) for the state budget, the Service added.

The offender is set to face up to 12 years in prison.