Tbilisi City Court ruled on August 27 that Avtandil Tsereteli, father of the founder of TV Pirveli, is to post a GEL 0.5 million bail. He will also not be able to leave the country without the prosecutor’s permission.
Khazaradze and Japaridze are facing criminal investigation over money-laundering allegations involving a USD 17 million transaction that took place in 2008. The two were charged for alleged money laundering in TBC Bank case in July.
Denying his charges today, Avtandil Tsereteli said he did not expect this ruling, because his family does not hold property for quite a long time now, which means they have to “hand over TV Pirveli to Prosecutor’s Office.”