As a result of operative-searching and investigative activities carried out by the representatives of Investigation Service of the Ministry of Finance of Georgia, in the Imereti region, on the facts of deliberate evasion of particularly large amount of tax and concealment of property with a sham transaction for the purpose of avoiding property obligations, criminal prosecution was initiated against one person.
Investigation determined, that the accused person, by breaching tax legislation, was not fully declaring the company's taxes, therefore he avoided paying a total of GEL 287 960 to the state budget. In order to avoid expected tax liability, the accused transferred the company's property, using a sham transaction, worth GEL 567 076 to the second company under his management, so that the tax authorities could no longer forcibly withdraw taxes charged in favor the budget.
Investigation is underway under the Articles 218 and 2051 of the Criminal Code of Georgia, which envisage imprisonment from 6 to 9 years.
