The prosecutor’s office of the republic of Georgia has filed charges against four people. They are accused of being members of an organized group. This organised group made the false promises to victims and fraudulently obtained a large amount of money.
The Ministry of Internal Affairs investigated this matter. The preliminary investigation established that the accused opened an intermediary office in Tbilisi to defraud citizens. They committed the fraud under the disguise of helping citizens by signing a loan agreement and receiving the huge amount.
The investigation further revealed that these members of the organized group promised the citizens that they were running a business. Moreover if victims gave them a certain amount, then they would be eligible to receive the amount back with profit as well as the interest amount. However, the accused persons were not running any business and made false promises to the victims to rob their hard-earned money.
The accused persons with their repeated offenses have defrauded the defendants and took the illegal possession of 266,568 GEL belonging to 9 victims. The victims also lost their real estate due to the financial loss.
After the completion of the initial investigation the officials of the law enforcement agencies have arrested the accused person on May 30 based on the verdict of the Tbilisi City Court. They have been charged under Sections 3(b) and 4(a) of the Criminal Code (Fraud on a large scale, committed by an organized group ); the charges if proven against the guilty person during the trial then accused can be awarded the punishment between seven to ten years.
Meanwhile the prosecutor’s office is filing a motion to use imprisonment as a deterrent measure within the time limit established by law to prevent the accused from tampering with the evidence.
On the other hand the Ministry of Internal Affairs is continuing to investigate the criminal case to determine and identify other persons who may have participated in the crime.
