Finance Ministry Investigation Service charges 3 with misappropriation of state funds, “false entrepreneurship”
The body said “appropriate procedures” were being carried out in order to compensate for the damage caused to the budget, with the crimes punishable by up to nine years in prison. Photo: videograb
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The Investigation Service of the Ministry of Finance of Georgia has launched criminal prosecution against three individuals for “misappropriation of large amounts of state money” through use of forged documents and “false entrepreneurship”.
The state body said on Wednesday its investigation had found the offenders had issued ₾2,345,524 ($866,754) in false VAT tax invoices for construction and renovation works that had not actually been completed on behalf of companies under their management.
The actions created a false VAT asset worth ₾357,791 ($132,216), the Service added, with ₾164,375 ($60,742) of the sum used to reduce the individuals’ current tax liabilities while they received the remaining ₾193,416 ($71,474) in tax returns from the state budget.
The body said “appropriate procedures” were being carried out in order to compensate for the damage caused to the budget, with the crimes punishable by up to nine years in prison.
The Investigation Service of the Ministry of Finance of Georgia arrested an individual for fraudulent misappropriation of funds from a foreign investor, the state body announced on Thursday.
The Investigation Service of the Ministry of Finance of Georgia has charged two individuals with tax forgery, misappropriation of state budget funds and damage to state property, the state body said on Tuesday.
The Investigation Service of the Ministry of Finance of Georgia has arrested three individuals and charged one for misappropriation of “large amounts of money” belonging to the state by use of forged official documents, the state body said on Wednesday.
The Investigation Service of the Ministry of Finance of Georgia has charged an individual with income tax evasion in Georgia’s western region of Adjara, the state body said on Friday.
The Prosecutor General’s Office of Georgia has charged an individual with misappropriation of ₾86,699 ($32,146) from a state school account, the state body said on Thursday.