The Prosecutor’s Office of Georgia has launched criminal proceedings against 17 individuals allegedly involved in laundering of a particularly large amount of money.
According to the Prosecutor’s Office, five individuals and 12 legal entities were involved in the criminal scheme.
6,436,694 USD, 30,402 EUR and 15,332 GEL have been seized from the bank accounts of the legal entities, as well as real estate of the family members of suspects. The crime is punishable by 9 to 12 years in prison.
The National Bank of Georgia has also canceled the license for Capital Bank which was involved in the alleged offense.