Georgian billionaire intends to establish party to participate in 2012 parliamentary elections

Georgian billionaire Bidzina Ivanishvili intends to establish political party to participate in the Georgian parliamentary elections in 2012.

"I decided to establish a party to participate in the parliamentary elections in 2012," the oligarch said in his statement distributed by "Kartu Group " press service owned by Ivanishvili.

A full text of Ivanishvili 's statement will be distributed on Oct.7.

A month ago Ivanishvili made ​​ a statement, in which he criticized President Mikheil Saakashvili and the elections held in the country.

Ivanishvili often appears in a list of 100 richest people in Russia, where he has a business. His property is estimated at $4.8 billion .

Ivanishvili is mainly engaged in charity in Georgia.


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