HOW TO STEAL 112 MILLION?
31 January, 2013
HOW TO STEAL 112 MILLION?

Who is behind the offshore companies…

Head of the ‘Georgian Railway’ supervisory board Koka Guntsadze asserts that he has disclosed hypocritical scheme of extracting 112 million. According to him, the millions were divided between the former high ranking officials.

K.G. – On July 7, 2012 a contract was concluded between the ‘Georgian Railway’ and railway carriage repair company, in which the obligations of supplier, i.e. the ‘Carriage-Repair Company’ ltd. were stipulated. But the work wasn’t done. The contract price exceeds 112
million, out of which the Company has already received 50% of the sum from ‘Georgian Railway’- more than 56 million.
According to the agreement, the ‘Carriage Repair Company’ has to supply 290 new grain carrier carriages and is obliged to make major repairs of 1207 old carriages. Till the end of December 2012, the Company had to supply the ‘Georgian Railway’ with at least 30 carriages out of 290, carry out thorough repair of 160 carriages out of 1207. Up till today the Company hasn’t supplied even a single grain carrier and out of 160 carriages only 35 are registered in info-base but without acceptance report and technical documentation. I wonder, when a Company gets more than 56 million as advance payment, mustn’t it carry out at least 5% of the responsibilities stipulated by the schedule? The contract term was two years. The first part of the tranche, as I have already told you, was paid in the beginning of 2012, the second part was due in the beginning of 2013. But due to the fact that the terms of the schedule were not fulfilled the ‘Georgian Railway’ stopped the transfer of the remaining sum and asked the Prosecutor’s Office to look into the matter.
It is indicated in the agreement that 39 thousand Dollars are required for thorough repair of one freight car; if we multiply this figure by 35, we’ll get 1.365.000. If the same sum is added for maintenance and service and other expenses, the sum won’t exceed 3 million Dollars; where did the rest of the 56 million transferred by Georgian Railway go?
Q.- Do you think that the extracted money was divided between the high-ranking officials?
A. – Whether they turned the money into cash and then divided, it will be established by investigation. We’ll hand all the documents to the Prosecution and if they come upon the track of the scheme of misappropriation of millions, it will by all means be revealed.

 

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