As a result of operative-searching and investigative activities carried out by the representatives of Investigation Service of the Ministry of Finance of Georgia, five persons were detained on the fact of fraudulent misappropriation of a large amount of funds belonging to citizens by the organized group.

Investigation determined that the accused persons, in order to fraudulently misappropriate money, developed a criminal plan in which they gained trust of citizens both in Georgia and abroad. They deceived these individuals as if they were employees of one of the commercial banks registered in Italy and assured them that, in exchange for transferring the appropriate amount of money, they would receive high interest rates.

It has been determined at the current stage of the investigation that members of the organized group fraudulently misappropriated the funds belonging to more than 40 individuals, with the total amount of GEL 620 584.

Investigation is underway under the 3 and 4 parts of the Article 180 of the Criminal Code of Georgia, which envisage imprisonment from 7 to 10 years.    

Appropriate measures are being carried out in order to identify and expose other persons who committed the above-mentioned crime.