Investigation Service Prevents Loss of 100 Million by State Budget

The Investigation Service of the Ministry of Finance of Georgia prevented the use of fake assets and the loss of  100 million GEL by the state budget.

The investigation revealed a large-scale criminal scheme of tax evasion and legalization of illegal income.

As it was announced at the briefing today, investigations have been launched against 53 people in 9 criminal cases. 38 out of the 53 persons are detained. Most of them are directors, founders and managers of various companies.

As reported by the Agency, the defendants owned companies in various regions of the country, through which they carried out illegal operations.

If the crimes are confirmed, the defendants face 9 to 12 years in prison.

As stated by the investigation service of the Ministry, the investigation intensively continues to reveal the persons involved in the mentioned as well as other criminal schemes.

By Ana Dumbadze