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INVESTIGATION SERVICE EXPOSED THE FACTS OF MISAPPROPRIATION OF A LARGE AMOUNT OF STATE FUNDS

Wednesday, May 24, 2023
INVESTIGATION SERVICE EXPOSED THE FACTS OF MISAPPROPRIATION OF A LARGE AMOUNT OF STATE FUNDS

As a result of investigative activities, representatives of Investigation Service of the Ministry of Finance of Georgia in coordination with the Kakheti Regional Prosecutor's Office, brought to the criminal liability 4 persons, among them 1 entrepreneurial entity was detained, on the facts of manufacturing and using forged documents, negligence and misappropriation of a large amount of money belonging to the state.

Investigation determined that a co-financing agreement was signed between NNLE “Rural Development Agency” and one of the cooperatives registered in the Kakheti region, within the framework of the state program. On the basis of the agreement, the State financed the purchase of the appropriate equipment necessary for the harvesting and processing the grapes by the cooperative, for this purpose GEL 500 000 was given to the cooperative.

The accused - the head of the cooperative, in order to illegally receive the State funds, as a result of the negligence of the heads of another company, used the name of the mentioned company and forged documentation confirming the purchase of inventory. Also, through the expert of a private expert institution, obtained a false conclusion regarding the alleged placement of the inventory on the object.

Later, the accused presented the aforementioned forged documentation to the “Rural Development Agency” to confirm the fulfillment of his obligations, in which way he unlawfully obtained the co-financing amount of GEL 500 000 issued by the State.

Investigation is underway under the Articles 210, 362, 2201 and 182 of the Criminal Code of Georgia, which envisages imprisonment from 7 to 11years.

Appropriate measures are being carried out in order to cover the damage caused to the State.


 

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