The Tbilisi City Court is holding a pre-trial hearing on the case of the co-founders of TBC Mamuka Khazaradze and Badri Japaridze.
Mamuka Khazaradze made a statement before the sessions.
“Finally, I also found out what we were accused of. This is a very interesting thing. It turns out that borrowing from a legal entity with an interest rate of 17%, then converting and transferring it is money laundering. This is how the charges were brought against us. Bidzina Ivanishvili's prosecutor's office came to such absurdity.
The second is a political issue and it concerns to Bidzina Ivanishvili and his political party “Georgian Dream”, which is extremely afraid of losing power. They try to frighten and stop us, but I can say him directly that I am not afraid. They cannot stop the will, which wants to change Georgia for the better. We will change this reality for the better, leaving you on a political, long-term vacation, ” Mamuka Khazaradze said.To remind, The Prosecutor's Office of Georgia launched an investigation into money laundering by the Chairman and the Deputy Chairman of the Supervisory Board of TBC Bank on 2 August 2018. Their bank accounts were seized in August.
The Prosecutor's Office applied to court with the relevant motion, having officially charged the founders of JSC TBC Bank in July, 2019. The two are accused of laundering a total sum of 16.7 million USD.
The pair paid the bail ordered on them by Tbilisi City Court, 700,000 GEL each.
See all the news
The NBG hiked further as the GEL stays undervalued
World Bank expects slowdown of Georgia's economic growth in Q4 of 2019
Georgia-Estonia Business Forum is Held Today
Nestle Sees $250 Million Boost for Starbucks Products
GDP will be Calculated by the Updated Methodology from Today – What the Reform Will Cause
BM.GE: Giorgi Gakharia has selected a new business ombudsman
Tourist Number Hits a Record within 10Months and Exceeds 8 MLN Despite Putin’s Flight Ban
Mamuka Khazaradze: finally, I also found out what we were accused of
Salmonella detected in frozen chicken meat imported from Ukraine
Talakvadze about Tskaltubo Development Project: special rules won’t apply to Ivanishvili
m2: we do not have any plans for Center Point at this stage
Georgia Capital to open 6 new hotels in Georgia under the new brand Amber Group
The CEO of m2 Group is changed - Shota Berekashvili replaces Irakli Burdiladze
The 30 Top Emerging Travel Destinations for 2020
"We hold rather comfortable shares on the market " – Does TBC Bank want to Buy Cartu?
Interview with Ahmed Bin Sulayem - Executive Chairman and CEO of DMCC
Agreement signed between Silknet and Euronews to launch “Euronews Georgia”
Parliament Lifts Immunity from UNM member Nika Melia
Land Sale brought GEL 20.9 million to state budget
Putin Instructed Lavrov to issue a warning for Russian travelers who plan a visit to Georgia