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Ivanishvili has spent about $ 10 million on "Georgian dream"

2012-01-11 14:00

In 2011, the Georgian billionaire Bidzina Ivanishvili and his movement "Georgian Dream" spent about 16.5 million GEL, which amounts to $ 10 million. Data on income and expenditure of the "Georgian Dream", which was registered in late November last year, have been published on the website of the Control Chamber of Georgia, "Georgia News" reported.

Most of the funds of Ivanishvili's movement, in particular, about 10 million lari (about $ 6 million), were spent to purchase shares in some companies. The rest was spent on rent, salaries, office expenses, purchase of vehicles, advertising in the media and so on.

All the proceeds of the "Georgian Dream", namely, about 16.7 million lari, are donations by Bidzina Ivanishvili. The first such a donation of $ 20 000 lari (about $ 12 000) was made June 12, 2011, and the two last attachments, which became the largest, were made December 21 - about 11 million lari (about $ 7 million), Rosbalt reported.

As reported by, the service of monitoring of the financial activities of the parties of the Control Chamber of Georgia demanded the social movement of billionaire Ivanishvili, who announced the decision to enter politics, to submit the financial report.

Under the amendments to the Law "On Political Unions of Citizens", the financial monitoring of political associations will be conducted by the Control Chamber of Georgia, instead of the Central Election Commission.

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