Court Finds Heads of “Finance Company Georgia” Guilty

2017-07-31 18:16:34

Tbilisi City Court completely upheld the evidence submitted by the Prosecutor’s Office and found high officials of Finance Company Georgia- T.L, T.M. and M.F. guilty of embezzlement of another persons’ property  in large quantities  under Article 182§2(d), 182 §3(b) and Article 25,182  §2 (d) and Article 25,182  §3 (b) of the Criminal Code of Georgia.
Evidence investigated during the trial confirmed that  in 2013-2016 years, director of LTD” Finance Company Georgia” –T.L. by the incitement of founder of company – T.M. and formal manager of company- M.F, embezzled tens of millions GEL obtained as a loan from 2343 citizens in the favor of the latter without any guarantee and economic calculations.
Court found all three defendants guilty as charged and sentenced M.F. to deprivation of liberty for a term of 10 year as a type and size of penalty, T.L to deprivation of liberty for a term of 8 year as a type and size of penalty and T.M. to deprivation of liberty for a term of 7 year as a type and size of penalty. Also, as a type of additional punishment, all convicts were deprived of the right to occupy the official post and to work.