Five foreign nationals were charged by the Georgia Prosecutor’s Office for having legalized a disproportionately high quantity of illegal revenue.

The case’s investigation revealed that the gang members deposited the cash in accounts they formed in their own names at Georgian commercial banks to conceal the source of the money"s unauthorized origin and give it a legitimate appearance.

Following this, part of the money mobilized in the bank accounts was transferred to personal bank accounts abroad and under their control, and with part of the money they bought cryptocurrency and expensive real estate in Georgia.

By the mentioned action, the defendants made about 15,000,000 USD of undocumented income giving a legal face and engaging in legal economic turnover.

The money that was still in the accused’s bank accounts as well as their movable and immovable possessions were seized as soon as the investigation got underway, preventing any further disposal or concealment.

The aforementioned individuals were accused of receiving an unusually large quantity of money in conjunction with the legality of unlawful income they had collectively perpetrated. The charge presented to them envisages imprisonment from 9 to 12 years.

Within the legal timeframe, the prosecutor’s office files an application with the court requesting for the defendants to be placed under a restraining order. The prosecutor’s office will carry out appropriate legal procedures to ensure the confiscation of property of criminal origin in favor of the state.