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Tuesday, 25 October 2016


Financial Holocaust in Georgia

2011-01-18 20:41

12436.jpegThe tragedy that happened on January 11 in Krtsanisi where several servicemen died because of an explosion has shadowed another event: the continuation of legal proceedings over two Israeli businessmen kept in Georgian jail since last October. In this case, Georgian legislation has once again confirmed its reputation of a structure "in law", an obedient executor of criminal orders of the republic's government. It doesn't matter that the country's image was damaged in the eyes of Israel due to the ordered proceedings: the price of the story with Israeli businessmen is high enough - one hundred million dollars.


Georgian TV channels tend to quickly forget the scandalous stories that are unfavourable for the authorities and demonstrate the lack of principles in the country's law-enforcement system. Sometimes, the prosecutor's office and the court act as members of People's Commissariat for Internal Affairs, awarding the prearranged sentences to the "traitors of motherland", while in case with Israeli businessmen the system behaved like a common bandit.

Two businessmen from Israel have been kept in the Georgian jail since October 2010, which fact caused Israel's resentment and Turkey's criticism but remained unnoticed by Georgian mass media.

Let's fill the gap and remind you of the contour. On October 14, two citizens of Israel were detained in Batumi: businessman Roni Fuks and his spokesman in Georgia Zeev Frenkel. They were caught at "an attempt to bribe" Deputy Financial Minister Avtandil Kharaidze in a Batumi restaurant.

Roni Fuks is a person of great influence in Israel and Turkey. He owns the Tramex Corporation and is Turkish honorary consul to Ejlat with political ties. He's got business interests in the countries of the South Caucasus and Georgia. He and his companion found themselves imprisoned because the Georgian government owes them 100 million dollars.

In 1992, Tramex concluded a transaction on the pipeline joint construction with the Georgian National Oil Company. However, in a year, the authorities of the country that lost two wars running refused to fulfill the terms of the agreement. After the many-year proceedings, International Center for Settlement of Investment Disputes being in connection with the World Bank resolved last February that the official Tbilisi is to pay the company owners compensation to the aggregate amount of 100 million dollars. However, Georgian government refused to observe the court decree and declared its intention to appeal against it. As Fuks' attorneys assert, Georgian side has got scanty chances to attain reconsideration of the decree - they are "less than one percent".

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