Today.Az » World news » Georgian billionaire receives confiscated funds
13 January 2012 [11:47] - Today.Az
Big sum of cash money, confiscated previously as a result of special
operation, were returned to Georgian billioner Bidzina Ivanishvili's
Kartu bank, prosecutors said on Thursday in Georgia. The money was confiscated on October 18, 2011, while in a collector car of Kartu Bank.
The car was detained by the police after it took off from the head
office of Bank of Georgia. The operation was carried out in connection
with an investigation of money laundering, Georgian Interior Ministry
said. Some $2 million and one million euro were confiscated.
The Kartu Bank stated that the money was transferred from accounts in
Germany and the US to the Bank of Georgia and taken from there in cash.
The Bank cited the need "to meet the increased customer demand for cash
currency" while commenting this operation, Civil Georgia reported.
The bank rejected the charges of money laundering. Confiscation of
money was regarded by the bank as a revenge of authority to the owner of
the bank, Bidzina Ivanishvili, who recently came out against the
President of Georgia Mikhail Saakashvili.
According to prosecutors, the money, $2 million and one million euro was returned to the bank by "bank transfer." The special operation was conducted after Ivanishvili went into
opposition and announced his intention to win the parliamentary
elections.
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