About Civil.ge
Eng | Geo | Rus
Last updated: 01:04 - 23 Jun.'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
23 Jun.'17 01:04
Moscow Cuts ‘Investment’ Funding for Tskhinvali
90% of South Ossetia’s budget for 2017 was subsidized by the Russian Federation.
22 Jun.'17 17:20
Crime Wave Stirs Public Outcry in Abkhazia
Public demands action to stop “lawlessness” in the region, authorities promise to investigate the cases.
21 Jun.'17 16:59
Senior MEP: Mukhtarli Case ‘Very Alerting’
Rebecca Harms called for “an independent investigation” both in Azerbaijan and Georgia.
21 Jun.'17 16:16
Parliamentary Opposition Renews Calls for Plebiscite over Constitution Reform
Movement for Liberty - European Georgia submitted 150,000 signatures to the Government administration.
21 Jun.'17 14:21
Venice Commission on Georgia’s New Constitution
The Council of Europe’s (CoE) advisory body for legal affairs released its opinion on June 19.
21 Jun.'17 11:48
FM Janelidze Joins EaP Ministerial in Luxemburg
Federica Mogherini chaired the EU and EaP foreign ministers’ gathering to discuss further cooperation.
20 Jun.'17 19:05
PACE Media Freedom Rapporteur on Mukhtarli Case
Volodymyr Ariev calls for immediate release of Azerbaijani journalist.
20 Jun.'17 18:23
Prime Minister Kvirikashvili on Mukhtarli Case
Giorgi Kvirikashvili calls for avoiding “premature conclusions” over the Azerbaijani journalist’s case.
20 Jun.'17 17:40
President Declines Request for Convening Special Parliamentary Session
Margvelashvili caled on the Parliament to continue working on a ‘consensual’ text of the constitution.
20 Jun.'17 16:07
Georgian Journalists Request Meeting with PM Kvirikashvili
Journalists speak of ‘delayed’ investigation and unaddressed questions in Afgan Mukhtarli’s case.

About Civil Georgia
Civil.Ge © 2001-2017, Daily News Online
Registered office: 2 Dolidze Str, 4-th Floor.
82