SOCIETY
British Embassy releases statement about charges against TBC Bank co-founders
25 July, 2019
The UK is closely watching developments related to the criminal charges the Georgian Prosecutor’s Office has made against TBC co-founders Mamuka Khazaradze and Badri Japaridze, British Embassy to Georgia said in a statement on Thursday.

"The UK is closely watching developments related to the criminal charges the Georgian Prosecutor’s Office has made against TBC co-founders Mamuka Khazaradze and Badri Japaridze, relating to allegations regarding transactions from some years ago.

It is critical that this case is handled in an impartial and
transparent manner. This is crucial for Georgia’s banking sector and its ability to attract foreign investment from diverse range of sources, in support of Georgia’s inclusive 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.

Related stories:

A few things why you should visit Georgia by British Ambassador 

British Ambassador to Georgia quotes Ilia Chavchavadze

“TBC Bank” co-founder Mamuka Khazarade says he received threatening letter from Interior Minister

TBC Bank finds itself in hot water again
Print