Bidzina Ivanishvili's banks and company arrested

Georgia Materials 27 June 2012 04:02 (UTC +04:00)
Национальное исполнительское бюро Грузии продолжает производство по делу лидера коалиции «Грузинская мечта» Бидзины Иванишвили. Как сообщили Тренд в Бюро, был осуществлен сбор информации о собственности, зарегистрированной на его миллиардера.
Bidzina Ivanishvili's banks and company arrested

Georgia, Tbilisi, June 27 / Trend, N. Kirtskhalia /

National Bureau of Georgia continues performing the proceedings of the "Georgia Dream" coalition leader, Bidzina Ivanishvili. As told Trend in Bureau, gathering information was carried out on the property registered on billionaire.

Executive Bureau requested the national Bank of Georgia, the identity of a beneficial owner of the banks "Kartu" and "Progress bank" and found that the owner of 100% stake in the bank "Kartu" is a "Kartu group", and 21.7% shares of "Progress bank" - the owner of the beneficiary.

Information provided by the National Bank of Georgia, found that, in accordance with the law on commercial banks face when buying a share of the bank is obliged to put in the prescribed manner notify the National Bank. In case of non compliance with this rule, the transaction for the sale of shares is not valid.

Because the National Bank of Georgia was not represented by a declaration in order to change ownership of the beneficiary bank "Kartu", the owner of 100% stake in the bank "Kartu" is still Bidzina Ivanishvili.

For the purpose of execution of the order of the Court of Appeals from June 20, 2012 Performing Bureau seized 100% of Bidzina Ivanishvili's shares in JSC "Kartu groups", a 100% stake in JSC "Bank Kartu", as well as the 21.7% stake in the "Progress bank".

In order to ensure transparency of proceedings Executive Bureau will continue to inform the public about the production.

Ivanishvili's lawyers tomorrow are going to challenge the decision of the Executive Bureau.