Investigation Service of the Ministry of Finance of Georgia initiated criminal prosecution against one person on the fact of concealment of the property using fraudulent transaction.
Investigation determined, that after the inventory appointed by the Revenue Service, the accused person, through the fraudulent transaction, in order to avoid the expected liability, transferred assets and inventory of the enterprise fully to the enterprise registered in the name of his family member. As a result of this, tax authorities could no longer execute taxes and fines accrued in favor of the budget.
Investigation is underway under the 3rd part of article 2051 of Criminal Code of Georgia, which envisages imprisonment from 6 to 9 years.