Seven detained for tax avoidance using forged documents
Seven individuals have been detained for avoiding tax payment using forged documents and causing a loss of ₾200,000 ($78,759) to the budget in the process. Photo: Investigation Service
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Seven individuals have been detained for avoiding tax payment using forged documents and causing a loss of ₾200,000 ($78,759) to the budget in the process, the Investigation Service of the Ministry of Finance of Georgia said on Monday.
The body said the group had created fake documents for sale of wood materials between each other’s companies, before using the created VAT assets to cover their existing tax liabilities.
The scheme resulted in loss of funds for the budget through the use of the fake documents, with ₾70,000 ($27,565) of the loss reimbursed so far in compensation of the damages, with authorities continuing efforts to fully recover the loss.
The crime is punishable with imprisonment between five and eight years.
The Investigation Service of Georgia’s Finance Ministry on Thursday detained three individuals for illegal use of trademarks.
Customs officers of the Georgian Revenue Service seized about $187,397 in undeclared money at the Tbilisi International Airport in Georgia’s capital and Sarpi border crossing checkpoint with Turkey in the south-west of the country, the state service announced on Wednesday.
The Investigation Service of the Ministry of Finance on Thursday arrested one individual for selling counterfeit money in large quantities.
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 Investigation Service of Georgia’s Finance Ministry on Wednesday said it had charged four individuals, including an entrepreneur, for appropriation of state financial support for wine farms by use of forged documents.
The Investigation Service of Georgia’s Finance Ministry on Tuesday said it had charged one individual for a fraudulent appropriation of property by manufacturing and using forged documents.
The Investigation Service of Georgia’s Finance Ministry on Wednesday said it had charged three individuals with appropriation of state financial support by forging documents on handing agricultural products to farmers as part of a state programme.
The Investigation Service of Georgia’s Ministry of Finance and the Agency of Financial Monitoring of Kazakhstan will cooperate in combating financial and economic crimes after signing a deal on cooperation on Monday.
Seven individuals have been detained in western Georgia's Samegrelo region for tax avoidance using forged documents and causing a loss of ₾214,730 ($81,498) to the state budget, the Investigation Service of Georgia’s Finance Ministry said on Friday.