Two charged with budget fund misappropriation, tax forgery

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 Service said its investigation had found the offenders had issued forged invoices and created fictitious assets worth ₾346,367 ($131,080) in the name of companies under their management.

It also said they had used ₾337,144 ($127,590) of the fake assets’ worth to cover tax obligations and fraudulently appropriated ₾9,223 ($3,490).

The crimes are punishable by imprisonment for a term of four to seven years.