SOCIETY
US Embassy releases statement about charges against TBC Bank co-founders
25 July, 2019
We are concerned about the context and timing of the charges the Georgian Prosecutor General’s Office has filed against TBC Bank co-founders Mamuka Khazaradze and Badri Japaridze, the US Embassy to Georgia said in a statement on Thursday.

“We are closely following developments related to the criminal charges the Georgian Prosecutor General’s Office has filed against TBC Bank co-founders Mamuka Khazaradze and Badri Japaridze. We are concerned about the context and timing of these charges.

An impartial and transparent legal system
that is free of political influence is vital for Georgia’s Western integration and its ability to attract foreign investment.

We continue to support the Anaklia port project, a significant source of U.S. investment in Georgia that has the potential to advance the country’s economic growth,” the statement reads.

The Prosecutor General's Office has filed charges against the founders of TBC Bank - Mamuka Khazaradze and Badri Japaridze. According to the agency, Khazaradze and Japaridze are accused of legalizing illegal money - 16 754 000 US dollars.

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