Tbilisi: The Investigation Service of Ministry of Finance of Georgia have exposed four people for financial fraud. They accused have obtained large amount of money illegally and then legalised it through money laundering.
The Facebook page of Investigation Service of Ministry of Finance of Georgia specifically added, “The Investigative Service employees have exposed four individuals for fraudulently acquiring a large amount of someone else’s property and legalizing illegal income through unlawful methods.”
The investigation has revealed many other facts related to crime. Notably as result of investigative actions conducted by employees of the Investigative Service of the Ministry of Finance of Georgia, a criminal prosecution has been initiated against four individuals.
The action was taken for fraudulently acquiring a large amount of someone else’s property and legalizing illegal income by forming a gang through prior design. Some official who were member of these anti-social group also used their official position for the purpose of unlawful financial activities.
It is worth to note that ,investigation revealed that the defendants, on behalf of various individuals, placed bets on pre-selected sports games on the website of one of the online bookmakers. They then used their illegal links and artificially changed the game results and assigned the winning status to the losing ticket.
In this way, the defendants illegally acquired a total of up to 700,000 GEL belonging to the bookmaker. In order to legalize the illegally obtained income, the defendants used money obtained through criminal means to buy two cars.
The law enforcers during the investigation, haves seized the aforementioned cars, they also seized the money obtained through criminal means in the amount of 52,000 USD.
The investigation is underway under Parts 2 and 3 of Article 180 of the Criminal Code of Georgia, as well as Part 2 of Article 194, which provides for imprisonment for a term of 6 to 9 years. The Investigation Service of Ministry of Finance of Georgia reiterated their firm stand to curb such criminal activities in future.
