The Procedural Management Department for Fraud Criminal Cases of the Tbilisi Prosecutor’s Office has charged two individuals with fraudulently acquiring a large amount of money.

An investigation conducted by the Ministry of Internal Affairs revealed that the defendants promised to pay monthly interest and return the principal amount within an agreed period in exchange for temporary funds transferred to citizens for their business activities, but neither the agreed interest nor the principal amount was paid. As a result of the defendants’ actions, the victims suffered 275,000 GEL in damages.

Law enforcement officers arrested the defendants based on a judge’s ruling. They were charged under Article 180, Part 2, Subparagraph “a” (fraud committed by a group with prior agreement) and Part 3, Subparagraph “b” (fraud committed in a large amount) of the Criminal Code of Georgia, which provides for up to 9 years of imprisonment as a form and measure of punishment.

Based on the prosecutor’s request, the defendants were sentenced to imprisonment as a preventive measure.