Prosecutor's Office Charges Founders of TBC Bank

The General Prosecutor’s Office of Georgia has personally introduced charges for the laundering of a total sum of $16 754 000 to the founders of JSC TBC Bank, Mamuka Khazaradze and Badri Japaridze, who arrived at the Agency today at 5:00 PM.

After spending about half an hour in the investigative department, the founders of TBC Bank left the Agency.

Today, the Prosecutor General's Office of Georgia charged Mamuka Khazaradze and Badri Japaridze.

According to the agency, the two are accused of the laundering of $16 754 000.

“Mamuka Khazaradze and Badri Japaridze are charged for the laundering of $16 754 000, as a result of which they received a large amount of income”, reads the statement of the Prosecutor General's Office.

The Prosecutor General's Office of Georgia launched an investigation into laundering by the Chairman and the Deputy Chairman of the Supervisory Board of TBC Bank on 2 August 2018.

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By Ana Dumbadze