Influential international publications focus on 'political motive' of Khazaradze-Japaridze case

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Influential international publications focus on 'political motive' of the case of cofounders of TBC Bank, Mamuka Khazaradze and Badri Japaridze.  On September 11...

Mamuka Khazaradze and Badri Japaridze released statement

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Mamuka Khazaradze and Badri Japaridze, founders of TBC Bank have released a statement. As the statement notes, they have information that the Prosecutor’s Office invited representatives of the diplomatic corps to a closed meeting scheduled for September 6 to present a report prepared by two foreign experts hired by the Prosecutor’s Office. “We would like to remind the Prosecutor’s...

Four-year police and Tax Authority investigation clears Hirsch of most serious allegations — bribery of Davit Kezerashvili

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Four-year investigation into former IDF general, long panned by him as politically motivated, clears him of bribery suspicions in Georgia business deals, - _READS_ [https://www.timesofisrael.com/likud-candidate-who-was-nominated-for-top-cop-accused-of-massive-tax-fraud/] the article published by The Times of Israel.  According to the article, Police on Monday recommended tax evasion charges...

Dentons on Khazaradze-Japaridze case - We hope court will share position and arguments of defense and exonerate our clients in a timely manner

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Global law firm Dentons has issued a statement on the case of the founders of the TBC Bank, Mamuka Khazaradze and Badri Japaridze.  “Dentons Georgia confirms that we will provide professional support to the founders of TBC Bank: Mamuka Khazaradze and Badri Japaridze with respect to the anti-money laundering charges against them. Our colleagues from Dentons’ London office have also joined...

British Embassy on Khazaradze- Japaridze case - It is critical that case is handled in impartial and transparent manner

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The founders of the TBC Bank, Mamuka Khazaradze and Badri Japaridze have been formally charged by Georgia’s Prosecutor General's Office for “legalization of illicit income”.  The two are facing a criminal investigation for alleged breaches of money-laundering legislation, involving up to USD 17 million transaction that took place back in 2008. “The UK is closely watching developments...

Ambassador Meunier on Khazaradze’s case - judiciary process should be transparent and not linked to any political consideration

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The founders of the TBC Bank, Mamuka Khazaradze and Badri Japaridze have been formally charged by Georgia’s Prosecutor General's Office for “legalization of illicit income”.  The two are facing a criminal investigation for alleged breaches of money-laundering legislation, involving up to USD 17 million transaction that took place back in 2008. Pascal Meunier, Ambassador of France to...

Khazaradze, Japaridze Officially Charged in TBC Bank Case

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The founder and former Board Chair of the TBC Bank, Mamuka Khazaradze and his Deputy Badri Japaridze, have been summoned to the Georgian Prosecutor’s Office to be formally charged for alleged money laundering. The Prosecutor’s Office did not yet specify the official charges against Khazaradze and Japaridze in its statement of July 24. However, it said the verdict has been delivered after...

ECHR Rules over Rustavi 2 TV Ownership Dispute

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In its judgement of July 18, the seven-member Chamber of the European Court of Human Rights (ECHR) declared there has been no breach in fair trial guarantees in Rustavi 2 ownership dispute. _Rustavi 2 TV was complaining over Article 6 § 1 (right to a fair trial), Article 10 (freedom of expression), Article 18 (limitation on use of restrictions on rights), and Article 1 of Protocol No....

Ulrik Tidestrom: We are following TBC Bank case

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Ambassador of Sweden to Georgia Ulrik Tidestrom said on Friday that diplomats and investors are following the developments around TBC Bank. On February 14 the National Bank of Georgia (NBG) issued a statement giving the shareholders two months notice to remove the Chairman of the Supervisory Board, Mamuka Khazaradze and his deputy Badri Japaridze from the Supervisory Board. The NBG says its...

Stronski on TBC Bank case – I hope prosecutors conduct independent evidence-base investigation

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Former senior analyst for Russian domestic politics in the U.S. State Department’s Bureau of Intelligence and Research, senior fellow in Carnegie’s Russia and Eurasia Program, Paul Stronski has expressed the hope that prosecutors conduct independent evidence-base investigation regarding the TBC Bank case. TBC Bank, the leading Georgian banking company, is facing criminal investigation over...

Ross Wilson: We and other diplomats are following developments around TBC Bank with some concern

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U.S. Chargé d’affaires to Georgia, Ambassador Ross Wilson said on Thursday that diplomats are following the developments around TBC Bank with some concern. "We and other diplomats are following the developments around TBC Bank with some concern, because the current situation has influence on Georgia’s image as a good place for business. I do not want to talk about specific individuals,...

Carl Hartzell - Developments around TBC Bank affect stability of banking sector in Georgia

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EU Ambassador to Georgia, Carl Hartzell has responded to the developments around TBC Bank. “As for TBC Bank, it is an important issue, as it concerns the systemic bank; developments around TBC Bank affect the stability of the banking sector in Georgia. Consequently, we are following the situation,” Carl Hartzell said.  The Chairman of the Supervisory Board of TBC Bank,...

Ambassador McKenzie on TBC Bank developments - We look closely at all those cases, where are significant British investments

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British Ambassador to Georgia Justin McKenzie said on Wednesday that the growth of local and foreign investments is important for Georgia’s rapid path to economic development. In this regard one of the important projects for Georgia is the Anaklia project, which is a joint venture of Georgia’s TBC Holding LLC and Conti International LLC . Georgian banking company TBC Bank is facing a...