An Georgia court ordered the imprisonment of the mission gate founder and venture capitalist George Bachiashvili. He is now estimated to have urged investment in investment in Georgia PM Bidzina Ivanishvili.
BachiaShvili previously received 2.5 million gels ($ 900,000), but Georgiah reported on March 2 that investors crossed the border to Armenia and violated the conditions of jewelry.
Judge Giorgi Gelashvili has found that the prosecution of the prosecution of BachiaShvili, and the jewelry violation justifies more strict detention measures.
According to the Georgian television channel TV PirveliBachiaShvili has now entered a third country and refused to speak. Reuters His current location.
He was accused of embezzlement of 8,253.13 BTC between 2015 and 2017 and invested $ 5 million of loans using Ivanishvili’s personal funds for Bitcoin mining through Bitfury.
Ivanishvili argued that BachiaShvili agreed to clear the mined bitcoin in the second half of 2016, according to the discussion of the stability of the Cryptocurrency market.
BachiaShvili transferred a loan to the publisher, Ivanishvili-Owned Cartu Bank in August and September 2016, and then transferred $ 536,900 to a bank director NATO KHAINDRAVA about a year later.
But Ivanisvili argued that BachiaShvili misunderstood him about the true profits of mining operations, and the mined Bitcoin value amounted to millions of dollars.
As a result, BachiaShvili banned the misuse of others’ property and money laundering in accordance with Article 182 and 194 of the Georgian Penal Code.
BachiaShvili was once an aide of Ivanishvili, and he recorded a quarter of $ 7.6 billion in property or GDP of Georgia.
Ivanishvili was described as a “real ruler” of the state by Transparency International, establishing a Rule Georgia Dream Party in 2012 and currently serving as an “honorary chairman.”
TransparenCy International also said that the case of BachiaShvili is also “clearly and clearly reflected and explicitly reflected, and the weaknesses of the prosecution and the lack of evidence can never be accused in the legal system based on the rule of law, but not to reach the court procedure. I insisted.
The NGO pointed out BachiaShvili’s position in the same report on the case. In other words, Ivanishvili advised to get a loan from the Cartu Bank and invested a loan with BachiaShvili in Bitcoin Mining.
The only secret evidence of this case consists of a telephone discussion record on the same loan as a document related to the loan, and Ivanishvili advises BachiaShvili to pay higher interest rates.
Thus, Transparency International concluded that the rate for BachiaShvili was “legally and there was no legal and realistic basis,” and was shared by the Amsterdam & Partners based on the investor’s lawyers, London and Washington, DC.
When the first hearing of the case was held in March 2024, the chief partner, Robert Amsterdam, explained that this case was the “tragedy” of the enemy process.
“The state seems to violate the law according to the foolish wishes of Ivanishvili,” he said. “Ivanishvili claims that it is owing money from an eight -year -old repayment bank loan without evidence, and then pursuing a criminal prosecution instead of a civil case.”
BachiaShvili was sentenced to up to 12 years in prison when he was convicted.
He said the prosecution is intended to be punished for public support in Ukraine in a continuous conflict with Russia.
Edited by Andrew Hayward
Daily brief newsletter
Start every day with the best news articles, original features, podcasts, and videos.
