avtandil tsereteli

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Mamuka Khazaradze. Photo: Mariam Nikuradze/OC media.

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TBC bank founder and Georgian opposition leader found guilty of fraud

by Tata Shoshiashvili

•3 min read

Mamuka Khazaradze, one of the founders of TBC Bank and the leader of the Lelo Party, has been found guilty of fraud but spared jail by Tbilisi City Court. Khazaradze, along with TBC co-founder Badri Japaridze and businessman Avtandil Tsereteli were each given seven years in prison, however, their sentences were commuted as the statute of limitations for fraud had expired. All three were on trial for the more serious offence of money laundering, but the court re-qualified the charges to fraud

avtandil tsereteli

Father of Georgia’s TV Pirveli owner charged with money laundering

by OC Media

•4 min read

The Georgian Prosecutor’s Office has charged Avtandil Tsereteli, whose son owns independent TV channel Pirveli, with participating in the group money laundering of almost $17 million. Following the charges on Thursday, Pirveli’s owner, Vakhtang Tsereteli, accused the government of ‘blackmail’. The charges involve a case launched last year against the former board chair of TBC Bank Group, Mamuka Khazaradze, and former deputy chair, Badri Japaridze. The two bankers were charged on 24 July