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Ivanishvili’s USD 45 mill fine was due Monday

by | Jun 19, 2012

Bidzina Ivanishvili vowed to not let the USD 45 million fine stop him in a speech Sunday. (Georgian Dream photo.)

TBILISI, DFWatch – Monday the deadline ran out for opposition financier Bidzina Ivanishvili to pay a USD 45 million fine.

Tbilisi City Court issued the fine in a lawsuit raised by the Chamber of Control’s party finance audit agency. Originally, the fine was 149 million lari, but the Appeals Court reduced it to half.

Ivanishvili has said he will not pay the fine. Now, the Chamber of Control is expected to appeal to the court for what is called an execution document, after which the Executive Bureau will get involved.

The executive bureau then will have five days to inform Ivanishvili it has started an executive process.

“Then Bidzina Ivanishvili should still be given another seven day term to pay the fine. Then the Executor will decide which way take about the above mentioned money,” says Shalva Tadumadze, a lawyer working for Ivanishivli.

The businessman’s lawyers say the government can seize his property in Georgia in order to collect the fine. If the seized property is not enough, the government is entitled to ask another country where Ivanishvili has property and request to seize his property there.

At a rally in Ozurgeti Sunday, Ivanishvili said the government cannot stop him with fines.



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