The Tbilisi City Court fully accepted the evidence presented by the prosecutor’s office and found the defendant guilty of fraudulently acquiring a large amount of money and property rights.

The evidence examined at the trial confirmed that the accused promised to solve the financial problems of the representatives of “Zekari Sources” LLC and transfer a large amount of money, but in return demanded the surrender of the share. In order to gain trust, the accused partially covered the company’s bank debt f

rom the money he had fraudulently acquired from another victim. Then, allegedly in order to obtain additional credit for the enterprise, he demanded that the partners of the enterprise transfer 100% of the share to him and transfer full management rights, and after the enterprise process was completed, he promised to return 20% of the share to some of the partners.

In this way, the accused transferred 100% of the company’s share from the partners to his mother, however, he did not cover the enterprise’s loan obligations, did not transfer the large amount of money due to the partners, and fraudulently obtained the property rights to the LLC. 100% share of “Zekari Tskoroebi”. In addition, he fraudulently acquired a large amount of money transferred by a so-called business partner, who promised to include it in the company’s share.

As a result of the aforementioned action, the owners of the legal entity suffered a large amount of property damage of 1,554,345 GEL, and another victim suffered a large amount of property damage of 162,925 GEL.

The accused was charged under Article 180, Part 3, Subparagraphs “b” and “c” of the Criminal Code of Georgia (fraud committed in a large amount, repeatedly). The court found the defendant guilty of the charges and sentenced him to 8 years in prison.