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
Turkey to open doors to 31 countries for health tourism
Coronavirus: Boris Johnson moved to intensive care
First-Stage Land Usage Permit for APM Terminals Poti
How will Nenskra HPP Reduce the Electricity Import?
Carrefour: The product will be on the shelves with the prices same as before
Differences between tobacco and nicotine products
OECD cuts 2020 global growth forecast over virus
Georgia to export new armored vehicle Didgori Meomari
"Hotels are in shock, reservations are canceled" - Shalva Alaverdashvili
Georgian brand Entrée enters the UK market and opens its first facility in London
Frontera claims that Georgian government has started harassing the company since 2013
Company HotelFriend offers convenient eComerce platform to Georgian Touroperators
Will the head of "Anaklia Deepwater Port Development Agency" be replaced?
TOP-10 Exporter Companies from Georgia to Russia
TBC Bank Group announces certain changes to the composition of the Management Board
Silknet signed Memorandum of Understanding with Global Communications Company One Web
Prosecutor’s Office allows Avtandil Tsereteli to leave the country
Mamuka Khazaradze: We want to avoid arbitration, but the Consortium is ready for that
Reuters: Dutch city tells floating Georgian monastery to cast off
TBC Bank Group Shares up by 6.3% WoW on the LSE