A man has been arrested in Tbilisi on suspicion of illegally obtaining GEL 43,792 by fraudulently activating bank loans in pensioners’ names, Georgia’s Ministry of Internal Affairs has reported.
According to the investigation, the suspect promised pensioners a monthly allowance of GEL 200, then secretly obtained their personal information and used banking applications on their mobile phones to activate loans without authorization.
The suspect was arrested in Tbilisi under a court order. The investigation is underway under Article 286¹ of Georgia’s Criminal Code, which carries a prison sentence of up to 10 years.
