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Sunday, 23 October 2016


“Architect of Georgian economy” is suspected of violations

2009-01-08 13:04

2/6/8/1268.jpegThe Chamber Control is studying financial activity of Kakha Bendukidze that is now at the head of the government administration. One of the brightest Russian businessmen at the end of the 90s, "the father" of liberal economic reforms in Georgia he is in the list of the richest people of Russia and Georgia and now the inspection authorities of the latter are carrying out close examination of activities of this influential politician from Saakashvili's team.


According to Georgian "Kommersant" radio in compliance with the Control Chamber act number 139/20 the government's chancellery violates the president's resolution number 231 stipulating reimbursement of official trip expenses. As it turned out the problem is in misappropriation of funds during official journeys. The Control Chamber asserts that the Chancellery's debts amount to 50 thousand lari (around 2 thousand dollars).

The difference between cash and specified expenses is not clear either: cash expenses are 1 million 200 thousand lari less than the assigned expenses.

For now Bendukidze's office makes no comment on the inspection authorities' claims. The telephones are simply disconnected. Kakha Avtandilovich like most of the Georgian officials is abroad on his Christmas vacation. He is expected to be back to work on January 11. The Georgian media forecast the architect of Georgian economy's resignation and even detention.

As a source reports the inspection authorities of the country are examining Kakha Bendukidze's business facilities and the law-enforcement agencies are busy studying his activity as the Economy Minister. In particular Bendukidze's involvement in creation of the "business scheme" allowing Georgian banks to establish their own construction companies and lend preferential loans to themselves, is under examination. The law-enforcement authorities are also interested in Kakha Bendukidze's expenses that are considered governmental and marked "top secret". 

It is noteworthy that from the time of his "coming" to Georgia and proclamation of slogans like "Everything is sold in Georgia except for conscience" and "The state is not obliged to help businessmen, it must not interfere" Kakha Bendukidze was in dishonor many times and on a regular basis. Georgia's budget of 2004-2006 underwent intensive growth due to privatization announced by Bendukidze (he was the Economy Minister at the time).  The opposition was accusing him of incompetence, targeted breakdown of Georgian economy and "pro-Russian orientation".

According to statistic data Russia was Georgia's main investor in 2005.

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