Prosecutor's Office charges 2 foreign citizens for money laundering in transnational crime
As the investigation established, the Vietnamese citizen and his accomplice deposited funds of illegal origin into personal accounts, opened in Georgian banks and later invested the criminally obtained sums in expensive real estate. Photo via Prosecutor General's Office of Georgia
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The Prosecutor General's Office of Georgia has charged two foreign citizens with money laundering in a case involving transnational crime, the state body announced on Saturday.
As the investigation established, the Vietnamese citizen and his accomplice deposited funds of illegal origin into personal accounts, opened in Georgian banks and later invested the criminally obtained sums in expensive real estate.
From 2020 to 2021, they bought two residential apartments in the country’s capital city of Tbilisi, a plot of land in western Lanchkhuti municipality, as well as two apartments and three garages in the Black Sea city of Batumi.
Around ₾1 million ($375,299) was legalised by the foreign citizens, and by the court’s ruling, the real properties, owned by the accused, were seized. The crime is punishable by imprisonment from nine to 12 years.
The Prosecutor’s Office of Georgia has charged an individual for embezzlement of ₾61,200 ($22,666) from citizens of the country using fraudulent tour services via a travel agency, the state body said on Wednesday.
The Georgian Prosecutor General’s Office on Thursday said it had solved a transnational crime and charged two individuals and a company for money laundering that targeted Procter & Gamble, a United States-based multinational consumer goods corporation.
The Georgian Prosecutor General’s Office has launched proceedings against three citizens of Georgia and Nigeria, who have been charged with appropriation of funds from foreign citizens through fraud and money laundering.
The Prosecutor General’s Office of Georgia on Wednesday said it had arrested an Iranian citizen for laundering “especially large amounts” of money between the years 2017-2020.