TBILISI, DFWatch–Tbilisi City Court on Friday began hearing a high-profile criminal case against the founders of Georgia’s biggest private bank. The Prosecutor’s Office accuses Mamuka Khazaradze and Badri Japaridze of money laundering. The two pleaded not guilty and accused the government and Bidzina Ivanishvili personally of engaging in political persecution. The charges against Khazaradze and … Read more
TBILISI, DFWatch–Georgia’s embattled banker Mamuka Khazaradze is expected to launch a new opposition party on Thursday. The event will take place in Anaklia, a resort on the Black Sea coast and will mark the launch of what has until now been described as a “public movement”, which many expect will become a party strongly critical … Read more
TBILISI, DFWatch–Tbilisi city court on Friday released the two founders of Georgia’s largest bank against a 700,000 lari bail each. The two were also barred from leaving the country without notifying investigators. The defendants, Mamuka Khazaradze and Badri Japaridze, said they will step down from their managerial positions at Anaklia Development Consortium (ADC) in order … Read more
TBILISI, DFWatch–The founder of Georgia’s largest bank has announced his intention to establish a “public movement”, a step seen by many as a bid to enter politics. Mamuka Khazaradze, the founder of TBC Bank, wrote in a Facebook post on Tuesday that the June 20 events were a “watershed” that moved him to act. “I … Read more
TBILISI, DFWatch–The Georgian government’s reputation for interfering in business was further strengthened on Monday as the founder of the country’s largest bank accused several named officials of trying to force the bank to help in the election campaign. Mamuka Khazaradze, the founder of Georgia’s largest bank, TBC, has accused the authorities of trying to threaten … Read more
TBILISI, DFWatch–The confrontation between Georgia’s biggest private financial institution and the government grew worse on Thursday as the National Bank sanctioned two of the key persons in TBC Bank. The National Bank of Georgia issued a statement on Thursday which orders to suspend the signature rights of Mamuka Khazaradze and Badri Japaridze, Chairman and Deputy … Read more
TBILISI, DFWatch–Georgia’s Chief Prosecutor’s Office (POG) has launched a criminal investigation of the country’s largest bank for alleged money laundering. The opposition calls the case an attack on unwanted business institutions. On Wednesday, POG summoned and questioned Mamuka Khazaradze and Badri Japaridze, the chairman and deputy chairman of TBC Bank’s supervisory board. The bank is … Read more
TBILISI, DFWatch–The suspect in the murder of two policemen, who was subject to a search by not only the police, but also counterintelligence, was apprehended near his hometown in an abandoned house on Friday.
The Interior Ministry confirmed this on Friday.