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In Georgia, the shares of Bidzina Ivanishvili arrested

2012-06-27 11:56

The Executive Bureau of the Ministry of Justice of Georgia has decided to arrest the shares owned by the opposition politician and billionaire Bidzina Ivanishvili. This was reported by the Trend.


This decision was taken due to the businessman's failure to pay a fine, which was imposed on him for bribing voters on the eve of parliamentary elections. However, the billionaire himself claims that he has no shares in the Georgian companies which could be arrested.

The agency notes that the arrest of the shares does not prevent normal operation of the companies. It was also reported that if Bidzina Ivanishvili pays the fine, the arrest of the shares would be automatically removed, the RBC reported.

Recall, Tbilisi City Court has fined the billionaire and the opposition leader of the coalition "Georgian Dream" Bidzina Ivanishvili on 126, 2 million lari (about $ 77.5 million). This was reported by Ivanishvili's media lawyers.

The decision was taken on Monday, June 11. Thus, the court has concluded the hearing on the administrative case of the Control Chamber of Georgia against the billionaire, related to the distribution of the satellite antennas by the company Global Sonsulting Group.

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