Criminal Case Launches against Businessman Avtandil Tsereteli

The Prosecutor’s Office of Georgia has launched a criminal case against businessman Avtandil Tsereteli. The relevant statement was made at the special briefing a few minutes ago.

As explained by the Prosecutor’s Office, “the investigation was launched into money laundering by the Chairman and the Deputy Chairman of the Supervisory Board of TBC Bank, Mamuka Khazaradze and Badri Japaridze, as a result of which they received a large amount of income”.

As stated by the Prosecutor’s Office, businessman Avtandil Tsereteli was also involved in money laundering along with the co-founders of TBC Bank.

The Agency intends to charge Avtandil Tsereteli and apply to the Tbilisi City Court with the motion to use preventive measure against him.

"Avtandil Tsereteli is summoned at Prosecutor General’s Office today, where the charges will be formally introduced to him, after which the Prosecutor’s Office will apply to City Court to use preventive measure against him. We would also like to inform the public that Khazaradze and Japaridze are also summoned at the Prosecutor’s Office for the purpose of specifying the charges brought against them," said the representatives of the Prosecutor’s Office.  

Related Story: Bank Accounts of TBC Bank Founders Seized

By Ana Dumbadze