The Prosecutor’s Office of Georgia said it had solved a transnational crime and launched criminal prosecution against seven individuals for fraudulent appropriation of GEL 596 612 from 3 large international companies.
“The offenders had established 3 fictitious companies in Georgia using English brand names similar to those of real companies based in Thailand, Singapore and the United States.
After providing false information to international companies registered in the US and Singapore, the group received money to the bank accounts of their fictitious companies in Georgia, which was later appropriated by the organized group.
Investigation is ongoing to expose other potential members of the group. The crime is punishable by 7 to 10 years in prison”, - reads the statement of the agency.