Khazaradze and Japaridze, if convicted, face from 9 to 12 years in prison for money laundering

2022/01/65232-1641804702.jpg
Read: 1266     14:00     10 ЯНВАРЬ 2022    

Two days before the latest trial of the founders of TBC Bank Mamuka Khazaradze and Badri Japaridze, who are accused of money laundering, 60 bankers and heads of large international corporations published a letter in support of ex-bankers, Khazaradze wrote on his Facebook page.
The court session will be held on January 11 and will open with the closing speech of the prosecutors, then the floor will be given to the accused, and after that the judge will leave to make a decision.
"Mamuka devoted his whole life to the restoration of Georgia. His obvious efforts and success have improved many industries, including the banking system and the economy of the whole country. We, graduates of Harvard Business School and friends of Mamuka Khazaradze, have known Mamuka for more than 20 years, support him because we know his patriotism, decency and loyalty to the Georgian people," the letter says.
According to businessmen, in 2013 Khazaradze organized an annual meeting of graduates of Harvard Business School in Georgia, thanks to which they learned about the rich culture of the country.
"His obvious efforts and success have improved various industries, including the banking system and the economy of the whole country. We hope that the Georgian court will take all this into account and issue an acquittal," the appeal says.
The letter was signed by businessmen from the USA, Israel, Great Britain, Ireland, Canada, India, Jamaica, Peru, Venezuela, Brazil, Mexico, Germany, Italy, Dubai and Australia.
Khazaradze and Japaridze, if convicted, face from 9 to 12 years in prison for money laundering by a group of persons with a particularly large income.
According to the case file, in April-May 2008, TBC Bank provided a loan of approximately $16,754,000 to the companies Samgori Trade and Samgori M, which Tsereteli founded. On the same day, this money was transferred to the accounts of the founder of TBC Bank Mamuka Khazaradze and his business partner Badri Japaridze, despite the fact that the loan was requested allegedly for business turnover.
In October-November 2008, the loan repayment period for the companies "Samgori M" and "Samgori Trade" increased by a year, even though they did not begin to repay it. And already on December 31, 2008, also before the repayment of the debt, TBC Bank assigned a bad classification to the loan, and then unreasonably wrote off and transferred to the external balance sheet.
According to the case file, TBC Bank did not demand the return of money from those who vouched for Samgori M and Samgori Trade, and did not cut money from the accounts of companies or seize their property, which was secured.
Responsibility for the return of millions was assumed by a company registered (a month before the bank issued the loan) in an offshore zone, which had no financial asset in Georgia. This company received the right to demand money from Khazaradze and Japaridze.
The Samgori M and Samgori Trade companies themselves have not yet repaid the loan.

Sputnik-georgia.ru





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Khazaradze and Japaridze, if convicted, face from 9 to 12 years in prison for money laundering

2022/01/65232-1641804702.jpg
Read: 1267     14:00     10 ЯНВАРЬ 2022    

Two days before the latest trial of the founders of TBC Bank Mamuka Khazaradze and Badri Japaridze, who are accused of money laundering, 60 bankers and heads of large international corporations published a letter in support of ex-bankers, Khazaradze wrote on his Facebook page.
The court session will be held on January 11 and will open with the closing speech of the prosecutors, then the floor will be given to the accused, and after that the judge will leave to make a decision.
"Mamuka devoted his whole life to the restoration of Georgia. His obvious efforts and success have improved many industries, including the banking system and the economy of the whole country. We, graduates of Harvard Business School and friends of Mamuka Khazaradze, have known Mamuka for more than 20 years, support him because we know his patriotism, decency and loyalty to the Georgian people," the letter says.
According to businessmen, in 2013 Khazaradze organized an annual meeting of graduates of Harvard Business School in Georgia, thanks to which they learned about the rich culture of the country.
"His obvious efforts and success have improved various industries, including the banking system and the economy of the whole country. We hope that the Georgian court will take all this into account and issue an acquittal," the appeal says.
The letter was signed by businessmen from the USA, Israel, Great Britain, Ireland, Canada, India, Jamaica, Peru, Venezuela, Brazil, Mexico, Germany, Italy, Dubai and Australia.
Khazaradze and Japaridze, if convicted, face from 9 to 12 years in prison for money laundering by a group of persons with a particularly large income.
According to the case file, in April-May 2008, TBC Bank provided a loan of approximately $16,754,000 to the companies Samgori Trade and Samgori M, which Tsereteli founded. On the same day, this money was transferred to the accounts of the founder of TBC Bank Mamuka Khazaradze and his business partner Badri Japaridze, despite the fact that the loan was requested allegedly for business turnover.
In October-November 2008, the loan repayment period for the companies "Samgori M" and "Samgori Trade" increased by a year, even though they did not begin to repay it. And already on December 31, 2008, also before the repayment of the debt, TBC Bank assigned a bad classification to the loan, and then unreasonably wrote off and transferred to the external balance sheet.
According to the case file, TBC Bank did not demand the return of money from those who vouched for Samgori M and Samgori Trade, and did not cut money from the accounts of companies or seize their property, which was secured.
Responsibility for the return of millions was assumed by a company registered (a month before the bank issued the loan) in an offshore zone, which had no financial asset in Georgia. This company received the right to demand money from Khazaradze and Japaridze.
The Samgori M and Samgori Trade companies themselves have not yet repaid the loan.

Sputnik-georgia.ru





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