About Civil.ge
Eng | Geo | Rus
Last updated: 10:55 - 1 May.'18
RSS
Mobile
Twitter
Facebook
Authorities Put Ivanishvili-Affiliated Firm's Property on Auction
Civil Georgia, Tbilisi / 26 Jul.'12 / 19:04

National Bureau of Enforcement (NBE) at the Ministry of Justice put on auction property of Burji, a company affiliated to Georgian Dream leader Bidzina Ivanishvili, after the company’s failure to pay GEL 11 million fine imposed earlier this month for alleged violation of political party funding rules.

Property put on auction includes real estate in Tbilisi and Sachkhere with total area of over 36,000 square meters and 203 vehicles of various types, among them cars, minibuses, pick up vehicles and cargo trucks, as well as several bulldozers and tractors.

Starting price of the property is GEL 5,153,831, half the market value of the seized property, according to the NBE. Online auction will be closed on August 2.

In a separate development, on July 26 the court ceased temporary conservatorship of Ivanishvili-affiliated Tbilisi-based Cartu Bank after the billionaire opposition politician paid USD 48 million fine, which Ivanishvili said was his contribution to relief efforts for disaster-hit provinces. According to the same court ruling Ivanishvili also regained control over his 21.7% of shares in Progress Bank, a Tbilisi-based bank founded by Kakha Kaladze, a retired footballer, who was a captain of the Georgian national team and is now a member of Ivanishvili’s party Georgian Dream-Democratic Georgia.

Also on July 26 the Georgian Dream coalition said that Kakha Kaladze’s bank accounts in Georgia had been frozen by the court after a motion from the chief prosecutor’s office. One of the lawyers of Ivanishvili and of the Georgian Dream, Shalva Tadumadze, said that the accounts were frozen as part of ongoing investigation into alleged legalization of illegal income; the lawyer, however, said no details of the case were not yet clear as no additional information was provided in the court’s ruling. The chief prosecutor’s office has not yet commented on the case.

Latest News
01 May.'18 10:55
We Have Moved to a New Platform
Direct Your Bookmarks to https://civil.ge.
29 Apr.'18 03:54
Ruling Party Candidate Wins MP By-Elections
Givi Chichinadze will represent Vani and Khoni single-mandate constituency in the Parliament of Georgia.
28 Apr.'18 09:40
Polls Open for Vani and Khoni MP By-Elections
48,123 voters are eligible to cast their ballots in Vani and Khoni single-mandate constituency.
27 Apr.'18 17:23
State Dept’s Europe Affairs Point Man to Visit Tbilisi
Wess Mitchell will meet senior government officials and address the NATO-Georgia Public Diplomacy Forum.
27 Apr.'18 13:45
In Quotes: Georgian Politicians on Ex-PM Bidzina Ivanishvili’s Comeback
Bidzina Ivanishvili will be approved as the Georgian Dream party chairman at the upcoming convention.
26 Apr.'18 18:15
SG Jens Stoltenberg: Georgia NATO’s ‘Very Close’ Partner
The NATO Secretary General says Foreign Ministers meeting tomorrow will recognize the country’s progress.
26 Apr.'18 14:24
Ex-PM Ivanishvili to Chair Georgian Dream Party
Prime Minister Giorgi Kvirikashvili said Ivanishvili was ‘best equipped’ to add new dynamism to the party.
26 Apr.'18 11:12
Lawmaker Proposes Criminal Liability for ‘Insult of Religious Feelings’
The parliamentary human rights committee decided to set up a working group for scrutinizing the draft law.
25 Apr.'18 17:21
New Abkhaz Government Head Appointed
Gennady Gagulia has served as the Abkhaz “prime minister” twice - in 1995-1997, and 2002-2003.
25 Apr.'18 14:43
Watchdog Improves Georgia’s Press Freedom Ranking
None of the countries of the former Soviet Union (except the Baltics) are ranked ahead of Georgia.

About Civil Georgia
Civil.Ge © 2001-2019, Daily News Online
Registered office: 2 Dolidze Str, 4-th Floor.
38