About Civil.ge
Eng | Geo | Rus
Last updated: 14:39 - 22 Jan.'17
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
22 Jan.'17 14:39
Parliamentary Working Group on Broadcasting Law Begins Work
Parliamentary working group on amending the broadcasting law held its first session on January 21.
21 Jan.'17 23:13
PM Kvirikashvili Concludes Visit to Switzerland
Giorgi Kvirikashvili attended the World Economic Forum in Davos.
21 Jan.'17 22:58
Georgian President, PM Send Congratulatory Messages to President Trump
President Giorgi Margvelashvili invited the new U.S. President to Georgia.
21 Jan.'17 21:29
United States Condemns Russia’s Destruction of Cultural Heritage in Abkhazia
U.S. Mission to the OSCE condemned the destruction of a historical site in Abkhazia, Georgia.
20 Jan.'17 20:24
UNM Elects New Leaders at Party Congress
The party chairman’s post remains vacant; Nika Melia was elected the head of the political council.
20 Jan.'17 19:57
Kvirikashvili: ‘Nothing To Celebrate in Transit Agreement with Gazprom’
PM Kvirikashvili said that Georgia defended its interests and “achieved the best result possible.”
20 Jan.'17 17:12
Georgian Ambassador to U.S. to Attend Trump’s Inauguration
Ambassador Davit Bakradze will attend all official inauguration events.
20 Jan.'17 16:33
Venice Commission President Visits Georgia
Buquicchio held meetings on the ongoing constitutional reform process.
20 Jan.'17 15:24
Energy Minister Responds to Gazprom Outcry
Kakha Kaladze stressed that the government took “rational and correct steps” in Gazprom negotiations.
20 Jan.'17 14:46
Georgian PM Meets Ukrainian President in Davos
Giorgi Kvirikashvili also held talks with his Croatian and Serbian counterparts.

About Civil Georgia
Civil.Ge © 2001-2017, Daily News Online
Registered office: 2 Dolidze Str, 4-th Floor.
54