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Ivanishvili accused Georgian authorities of "group fraud"

2012-07-12 17:15

Georgian billionaire and politician Bidzina Ivanishvili called the arrest of the property of "Cartu Group" and "Progress Bank" a group fraud, led by the President of Georgia, the reported.


According to the leader of the "Georgian Dream", the ruling party has repeatedly tried to destroy the "Cartu Bank"; then they performed a group fraud led by Saakashvili. There was adopted a law which applied only to "Cartu Bank", after Ivanishvili entered politics.

"At first, the arrested money collector car of the "Cartu Bank", then they performed group fraud led by Saakashvili - a law was passed, which applied only to the "Cartu Bank". Then they transmitted the property seized from the bank into the possession of the government. Despite this, they failed to ruin the bank. And today, in defiance of all logic, they arrested all the property of the financial structure. And this is called Saakashvili's democracy", the opposition leader said.

July 12, Tbilisi City Court granted the lawsuit of the National Bureau for Execution to appoint compulsory manager of 100% shares of "Cartu Bank" and 21.7% shares of "Progress Bank", the IA Regnum reported.

According to the National Bureau for Execution, the president of the International Centre for Economic Policy Research Vladimir Ugulava was appointed compulsory manager.

As stated by Ugulava, he would carry out his duties professionally and in good faith.


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