About Civil.ge
Eng | Geo | Rus
Last updated: 15:07 - 6 May.'16
RSS
Mobile
Twitter
Facebook
Ivanishvili's Bank Fined with GEL 822,000
Civil Georgia, Tbilisi / 12 Mar.'12 / 20:28


Cartu Bank headquarters in Tbilisi. Photo: Guram Muradov/Civil.ge.

The state audit agency in charge of monitoring political finances has fined Cartu Bank, owned by billionaire opposition politician Bidzina Ivanishvili, with GEL 822,040 (about USD 497,000) for allegedly trying to channel corporate funding to Ivanishvili’s public movement Georgian Dream.

Last week two employees of Cartu Bank said they received bonuses of total GEL 82,204 (one – GEL 44,400 and another one – GEL 37,804) from their employer with a purpose to then donate it to the Georgian Dream; the two employees said that they were aware that it would have constituted an attempt to bypass ban on corporate funding and refused to be part of the scheme; as a result no donation was made.

Citing statements by these two employees of the Cartu Bank, the political parties’ financial monitoring service at the Chamber of Control said that Ivanishvili’s bank was fined (with a penalty ten times the amount of  sum involved) for “a transaction, which aimed at bypassing” restrictions set by party funding regulations, which bans corporate funding.

In late February Georgia Dream, one of its donors and the latter’s employer firm, affiliated with Ivanishvili, have been fined with GEL 200,000 (about USD 120,000) each for donation which the state audit agency said was a sham transaction aimed at bypassing restrictions set by the political funding legislature.

Earlier on March 12, Ivanishvili-led opposition coalition, accused the state audit agency of “intimidating” its activists in the regions by summoning them to give “explanations” in connection to a probe related to alleged sham deals in political funding.

“If the authorities are probing into illegal funding of parties, then they [the authorities] have nothing to do with these people [activists],” said Davit Usupashvili, leader of Republican Party from the Ivanishvili-led coalition. He said that after summoning, the coalition activists were asked questions “which have nothing do with party funding” and the purpose of summoning and questioning was “psychological pressure” on activists.

Also on March 12 Tina Khidasheli of Republican Party and Zviad Dzidziguri of Conservative party, both from Ivanishvili-led coalition, donated the Georgian Dream GEL 10,000 and GEL 12,000, respectively.

“I am waiting for the Chamber of Control to summon me for interrogation,” Khidasheli said. “Let her [Natia Mogeladze, head of the party funding monitoring service at the Chamber of Control] accept this challenge and summon me… We also demand to make video and audio recordings of interrogation of our activists and to make them public.”

Latest News
06 May.'16 15:07
Supreme Court Nominees Weigh into President, GDDG MPs Row over ‘Consultations’
Three nominees for Supreme Court speak out against attempt to seek “behind-the-scene deal”.
05 May.'16 17:22
C.Bank Buys USD 20mln amid GEL Appreciation
It was NBG’s sixth intervention on the purchasing side since mid-March.
05 May.'16 15:23
MP Quits UNM Opposition Party
MP Vashadze criticized UNM for, as he put it, closed style of governance by a narrow circle of leaders.
05 May.'16 11:46
U.S. Army Abrams Tanks Shipped to Georgia for Joint Drills
This is the first time the U.S. army tank company takes part in drills in Georgia.
04 May.'16 21:10
Row Brewing Between GDDG MPs, President Over Supreme Court Nominations
President will not make “behind-the-scenes deals” over Supreme Court nominees, his adviser said.
03 May.'16 19:22
Georgia Votes Against Kosovo’s UEFA Membership
Kosovo became 55th member of UEFA after 28 of its members voted in favor.
03 May.'16 11:56
Geostat: Annual Inflation 3.2% in April
On a monthly basis, prices fell 0.6% in April, according to the state statistics office.
02 May.'16 19:23
PACE monitors to visit Georgia
Two co-rapporteurs from the Parliamentary Assembly of Council of Europe will visit Tbilisi on May 3-5.
30 Apr.'16 13:48
UNM Lays Out Rules for Compiling Its Party List of MP Candidates
Party list will be drawn up “based on principles and not based on anyone’s desires,” UNM’s Bakradze said.
29 Apr.'16 16:56
Opera Singer and His Potential Political Party in IRI-Commissioned Poll
Burchuladze’s movement was not too far behind from GDDG and UNM in a poll fielded in March.

About Civil Georgia
Civil.Ge © 2001-2016, Daily News Online
Registered office: 2 Dolidze Str, 4-th Floor.
62