Badri Japaridze

5 Posts

•

0 Followers

Badri Japaridze

Georgian lawmakers expel three opposition leaders from parliament

by Shota Kincha

•3 min read

Three opposition MPs in Georgia have been stripped of their seats in a move that will potentially shift the balance of power in parliament. On Tuesday, MPs from the ruling party Georgian Dream party voted to axe the seats of three opposition leaders: Shalva Natelashvili, Chair of the Labour Party, Badri Japaridze, one of Lelo’s leaders, and the chair of Droa (it’s time!), Elene Khoshtaria. Georgian Dream also terminated the mandate of one of their own leading lawmakers, ex-Speaker Kakha Kuch

Mamuka Khazaradze. Photo: Mariam Nikuradze/OC media.

Anaklia Port

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

Anaklia Port

TBC Bank founders set up ‘political movement’ ahead of 2020 election

by OC Media

•5 min read

On Thursday, the two founders of TBC Bank Group, who the prosecutor’s office charged with laundering almost $17 million in July, announced that they are establishing a political organisation, which they plan to turn into a political party in time for Georgia’s 2020 parliamentary elections. Former chair of the TBC board Mamuka Khazaradze, and former deputy chair, Badri Japaridze hosted a presentation of the ‘political movement’, titled ‘Lelo’, in Anaklia. As Khazaradze put it, ‘the closest

Anaklia Port

Georgian National Bank orders TBC to remove board leaders

by OC Media

•3 min read

The National Bank of Georgia has ordered the shareholders of TBC Bank Group PLC, which owns their namesake Georgian bank, to remove their Chair, Mamuka Khazaradze, and Deputy Chair, Badri Japaridze, from their board within two months. The National Bank also revoked the signature authority of both. The National Bank has the legal right to suspend a bank’s administrator’s right of signature and demand a commercial bank’s board temporarily remove or dismiss them if a violation of the law is

Anaklia Port

Georgia’s TBC Bank investigated for money laundering

by OC Media

•2 min read

Georgia’s Chief Prosecutor’s Office has announced that they are investigating TBC Bank over possible money laundering and ‘other illicit acts’. The authorities announced on 9 January that they had launched a probe in May 2018 concerning $17 million worth of loans that were fast-track to LLC Samgori M and LLC Samgori Trade in 2008. The Prosecutor’s Office said that after TBC issued the loans to the companies, the bank’s Chair, Mamuka Khazaradze, and Deputy Chair, Badri Japaridze, took loan