Tbilisi: A local court has found one natural and one legal person guilty of committing a transnational crime. The court accepted the evidence presented in this regard by the employees of the Georgian prosecutor’s office.
Law enforcement agencies have booked these persons guilty of transnational crime, fraud, and the fact of legalizing a particularly large amount of illegal income by the implementation of illegal measures.
According to the latest information, one natural and another legal person were behind the crime, and the prosecution’s evidence proved their guilt. The examination of the witnesses and evidence during the trial proved that the accused had made a false advertisement on the Internet about receiving a high-interest rate on investing money in a financial institution.
At the same time, these members of the criminal group communicated with the interested parties, and after winning over their trust, they fraudulently transferred approximately two million US dollars to the bank accounts of the fictitious enterprise established by the convict in Georgia.
Subsequently, the accused and the persons in criminal conspiracy transferred part of the illegally obtained money to foreign bank accounts controlled by them, in which way they legalized the illegal income of approximately 1,760,000 US dollars.
After examining the evidence, The Tbilisi City Court fully accepted the evidence presented by the prosecutor’s office and sentenced the individual accused of legalizing illegal income to 12 years in prison, while the legal entity was deprived of the right to do business for 10 years and fined 150,000 GEL.
Additionally, as per the verdict, 250,000 USD seized from the fictitious legal entity’s bank account was returned to the victim, and the remaining amount was confiscated in favour of the state.
Notably, in recent times, there has been a huge increment in the rate of transnational crimes. So the need is being felt to initiate the global joint action to curb the problem.
