Georgian State Security Service’s Anti-Corruption Agency inspects food companies over price formation
Justice
Photo: State Security Service of Georgia
The Anti-Corruption Agency of the State Security Service is conducting inspections of several food companies.
When asked by Imedi News about the purpose of the inspections and whether financial documents would be reviewed, the Service noted that the investigation focused on the process of price formation.
“In this case, the investigation focuses on the process of price formation. To study this, electronic versions of documents are being requested through court orders. We are not examining other financial matters, as they are not part of the current investigation”, the Service said.
Georgian Prime Minister Irakli Kobakhidze on Wednesday met with representatives of major retail chains at the governmental coordination commission on food prices, emphasising that economic growth should translate into tangible benefits for citizens and addressing high markups in the market.
