The heads of 53 different companies are being investigated for tax evasion and money laundering, the Investigation Service of the Ministry of Finance of Georgia reports.
Defendants allegedly attempted to retain 100 million GEL ($34.3m/€30.6m) in VAT and avoid transferring it to the state budget.
Mikheil Oniani, deputy head of Investigation Department of Investigation Service of the Ministry of Finance of Georgia had a special briefing about this case, his statement reads as follows:
"Investigation Service has started investigation on 9 criminal cases against 53 individuals and a large-scale criminal scheme has been exposed, which considered tax evasion in particularly large quantities by manufacturing and using counterfeited tax documents and legalization of illicit income. As a result of investigative activities, at this stage the Service managed to detect and prevent usage of the counterfeited assets estimated at GEL 100 000 000 and therefore prevented the cause of the equivalent damage to the state budget.
As a result of intensive investigation activities, during the past 3 months, within launched 9 criminal cases, prosecution was initiated against 53 persons including 38 of them detained on the bases of authentic evidences obtained as a result of hundreds of investigative activities, including witness interrogations, seizures, searches, undercover investigative actions and other measures. Most of the accused persons are directors and founders of the various companies, and some of them are actual managers of those companies.
See all the news
Turkey to open doors to 31 countries for health tourism
Coronavirus: Boris Johnson moved to intensive care
First-Stage Land Usage Permit for APM Terminals Poti
How will Nenskra HPP Reduce the Electricity Import?
Carrefour: The product will be on the shelves with the prices same as before
Differences between tobacco and nicotine products
OECD cuts 2020 global growth forecast over virus
Georgia to export new armored vehicle Didgori Meomari
"Hotels are in shock, reservations are canceled" - Shalva Alaverdashvili
Georgian brand Entrée enters the UK market and opens its first facility in London
Frontera claims that Georgian government has started harassing the company since 2013
Company HotelFriend offers convenient eComerce platform to Georgian Touroperators
Will the head of "Anaklia Deepwater Port Development Agency" be replaced?
TOP-10 Exporter Companies from Georgia to Russia
TBC Bank Group announces certain changes to the composition of the Management Board
Silknet signed Memorandum of Understanding with Global Communications Company One Web
Prosecutor’s Office allows Avtandil Tsereteli to leave the country
Mamuka Khazaradze: We want to avoid arbitration, but the Consortium is ready for that
Reuters: Dutch city tells floating Georgian monastery to cast off
TBC Bank Group Shares up by 6.3% WoW on the LSE