“Despite the pressure, the Cartu Bank officers are not thinking about leaving the job”
27 October, 2011
“Despite the pressure, the Cartu Bank officers are not thinking about leaving the job”

We interviewed Nodar Javakhishvili, the new President of Cartu Group and General Director of Cartu Bank to learn more on when it looks suspicious to transport foreign currency by a bank car and what mutual obligations link National Bank of Georgia to commercial banks.

A: The President of the National Bank claims that a commercial bank is supposed to agree with the National Bank regarding the strengthening of commercial banks’ cash deposits. I am not aware of any relevant regulatory act

that obliges to do so. So, it would be better if he specified the current law that confirms this rule. When I was the President of the National Bank, we would cut money on correspondence accounts of commercial banks if this money was unsupported by cash but in return we would give them the same amount in cash both in Lari and foreign currencies. However, this procedure was later changed and the cash point strengthening was done both in the National Bank and commercial banks. The only difference is that this operation implies paying a commission to the National Bank but paying no charges to a commercial bank for the same service.

They say that recently we received USD 4 million from the Bank of Georgia. At the time for “unknown reasons” nobody thought that it was a “suspiciously huge sum” and nobody attacked the Bank of Georgia’s car to arrest the bank money. Maybe it is because that bank is associated with Gilauri just like Cartu is associated with Ivanishvili? I must be suffering dementia to disassociate it from the current political process. It is obvious that the Authorities pushed Cartu Bank into the force majeure situation. Now they are “working on” our clients to induce them to abandon our bank. The words that the National Bank and law enforcers said about money laundering is a shame and devoid of logic. It would have been better for them if they said directly that the money was arrested just because Bidzina Ivanishvili needed it. However, such statement too would sound silly because Bidzina Ivanishvili owns over 5 billion dollars.

The campaign launched against Cartu Bank is a reflection of Government’s sickness. What money laundering! We made a cashless money transfer to our own correspondent account in a certain New York bank and then did the same financial operation in a German bank. On their part, these banks transferred sums to a correspondent account of the Bank of Georgia (like the Bank of Georgia, we have correspondent accounts abroad). This information is important because if the money laundering did occur, all the involved banks should be brought to account. I am embarrassed as I am forced to explain such apparent things that point to the fact that an attack on the bank money transportation car and the arrest of the money is an unbelievable event for the civilized world. Our car was stopped by the masked men (right around the corner to the entrance of the Bank of Georgia), who were dressed in plain clothes and sneakers, holding guns. Later it turned out that the attackers were members of special task force. I told one foreigner that if such an attack had happened in his country, guards transporting such sums of money would definitely use guns and the blood would have been spilled. He agreed. I can even tell you how this attack on Cartu Bank’s car was prepared. Initially, our representative contacted the Bank of Georgia and received confirmation that the bank was able to give us the money in cash. They said the Bank of Georgia had excessive amounts of US dollars and Euros. They were happy to accommodate. Yet, they took back their word twice. In the end, we told them that if they did not want to give us cash, we would negotiate with another bank. On hearing that, they gave their consent again. It seems the special operation was getting a go-ahead “at every level”. Everybody knows what happened next.

Q: There are reports that Cartu Bank officers are also subjected to pressure.

A: Yes. Some of them are visited by district police inspectors and advised to leave the bank. However, our officers are very loyal and unanimous in their determination to stay.

Print
Other Stories
International observers about the presidential election in Georgia
The presidential election took place on the 28th of October in Georgia.
First Ladies of Independent Georgia
The presidential election took place on the 28th of October in Georgia. It was the last election in which the president will be selected by popular vote.
Funny incidents on Election Day in Georgia
The presidential election took place on the 28th of October in Georgia.
Deadline for the second round of presidential elections in Georgia is December 2
Presidential elections were held on the 28th of October in Georgia. None of the candidates managed to get majority of votes, so the second round of elections is to be appointed.
The USA National Security Advisor John Bolton is in Georgia
National Security Advisor of the United States John Bolton visited Georgia today.
People are detained at the Cannabis Festival
Today, Georgian political movement Girchi holds an event in the Dedaena Park called the Cannabis Festival.
Top safest countries and Georgia is among them - new survey says
Georgia is among the safest countries in the world. This fact is substantiated by various surveys and researches.
Who is interested in the cultivation of cannabis in Georgia?
Several weeks ago the government announced about its initiative to legalize the cultivation of medical marijuana in Georgia.
Fight in Gori – head of administration uses a bin full of manure
There was an incident yesterday in Gori municipality, Georgia at the entrance of the municipality building.
2 Georgian detainees freed from the Tskhinvali prison
Georgian detainees Maia Otinashvili and Akaki Dotiashvili are freed from the Tskhinvali prison. They had been accused of illegally crossing a so-called the borderline into the occupied Tskhinvali region.
Georgia might provide Far East countries with armored vehicles
LEPL State Military Scientific-Technical Center "Delta" might provide several Far East countries with armored vehicles, - “Delta” has informed InterPressNews about it.
Who can be the next first lady of Georgia?
On the 28th of October, presidential elections will be held in Georgia. The last elections in October 2013 resulted in a victory for Giorgi Margvelashvili, a candidate of the Georgian Dream (the ruling party).
Another Georgian kidnapped at the occupational line, stays detained
Maia Otinashvili (a mother of three children) was detained in her own garden on the 19th of September. Eyewitnesses claim that she was kidnapped by armed people with masks.
Fight broke out in the Georgian TV show
Fight in the Georgian Show Archevani (a choice) broke out between the guests yesterday.
7 amendments that come in force today in Georgia
On the 1st of October, 7 new amendments come in force in Georgia.
Speaker of the parliament plays Knockin' on Heaven's Door
What do the politicians do when they have free time? It is an interesting issue in every country.
What are the new New Year decorations for Tbilisi
New Year decorations and its price in Tbilisi is always a matter of discussion in the capital.
Mamuka Bakhtadze gives a speech at the 73rd session of the UN General Assembly
Mamuka Bakhtadze, the prime minister of Georgia is attending the 73rd session of the UN General Assembly from the 24th of September.
Georgia will ban use, import and production of plastic bags
The Georgian government has decided to tighten rules regulating use of plastic bags in Georgia.
The parliament returns to Tbilisi
The Parliament of Georgia will continue working in Tbilisi, the capital of Georgia from January 2019. Currently, the building is located in Kutaisi (west Georgia).
Mamuka Bakhtadze is visiting the USA within the working visit
The Georgian PM Mamuka Bakhtadze Brought a wreath to the tomb of the Georgian military serviceman John Malkhaz Shalikashvili.
Use of plastic bags to be reduced from the 1st of October
Within the framework of the Green Economics and Environmental Protection Policy the Georgian government has approved new regulations
Four Russian Journalists have not been allowed to enter Georgia
Three members of the Russian delegation were not allowed to enter Georgia as this would have violated the Law on the Occupied Territories of Georgia.
Tbilisi sign may appear on the Funicular hill
Hollywood has become a source of inspiration for many people worldwide. A similar idea from a Tbilisi citizen sounds very clever and attractive.
Russia was at an undeclared war with Georgia for years - Matthew Bryza
I think anybody who has observed how Russia has been conducting its war in Ukraine should realize that Russia was at war with Georgia, an undeclared war for years,
PHOTO OF THE DAY
Exchange Rates
GEL Exchange Rate
Convertor
17.11.2018
18.11.2018
USD
1
USD
2.6727
2.6727
EUR
1
EUR
3.0268
3.0268
GBP
1
GBP
3.4240
3.4240
RUB
100
RUB
4.0447
4.0447
Other Stories
On 26 May, Jean-Claude Juncker, President of the European Commission, joined celebrations in the Georgian capital of Tbilisi
Violation of Georgia’s sovereignty and territorial integrity by Assad regime has been strictly criticized
Exactly one year ago, Georgia was granted visa-free travel with the European Union.
Georgia’s ex-president president Mikheil Saakashvili's supporters managed to free detained Mikheil Saakashvili in the center of Kiev.
The US Ambassador to Georgia Ian Kelly congratulates Georgia on Independence Day.
The regulations on the introduction of visa-free travel for citizens of Georgia have been officially signed in Brussels.
The entire Georgia is involved in Secret Santa game, which means that people are sending gifts to each other secretly
The Minister of Foreign Affairs of Georgia is taking part in NATO Ministerial underway in Brussels, Belgium.
A special squad has been mobilized at the 48th polling station in Marneuli, Kvemo Kartli region.
Two politicians in Georgia have come to blows during a live TV debate ahead of the country’s parliamentary elections, Euronews reports.
GEL Exchange
USD
1
USD
2.6727
EUR
1
EUR
3.0268
GBP
1
GBP
3.4240
RUB
100
RUB
4.0447
November 2018
Mon Tue Wed Thu Fri Sat Sun
1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30