EU Chargé d´Affaires, Carlo Natale has commented on the criminal charges against TBC Bank co-founders Mamuka Khazaradze and Badri Japaridze. Natale urges Georgian officials to ensure the transparent and impartial investigation of this case.
Natale says that the developments related to TBC bank can have significant impact on Georgian banking sector and on macro-financial stability.
"It is vital that the case brought against TBC Bank co-founders Mamuka Khazaradze and Badri Japaridze, several years after the alleged legalisation of illegal incomes took place, is handled in a transparent manner.
We expect the principles of rule of law and independence of the judiciary to be fully upheld. A well-functioning judiciary is key for democracy and, i.a. to attract foreign investments.
Developments related to TBC Bank are important for the Georgian banking sector and for the macro-financial stability of the country,"- states Natale.
