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    Three detained in Georgia for tax fraud with Iranian tar sand

    by | Jul 24, 2014
    investigative_service_Crop

    The investigative service is a body under the Finance Ministry tasked with exposing financial crimes. (Interpressnews.)

    TBILISI, DFWatch–The Finance Ministry’s investigative service on Thursday detained three persons for organized financial crime that caused the state a loss of 345,774 lari (USD 197,551).

    In a statement, the investigative service says the three aimed at not paying taxes when importing goods to Georgia.

    The scheme was built around a tax excemption Georgia offers for companies owned by socially vulnerable or elderly people. The charges are that the suspects instructed several people to register a company for them.

    Then they imported a large amount of tar sands to Georgia from Iran in the name of this company and avoided paying taxes during customs clearance.

    If convicted the three may face from four to six years in jail.



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