Latest news with #Bachiashvili
Yahoo
6 days ago
- Business
- Yahoo
Former aide of Georgia's most powerful man claims he was abducted abroad
A former confidant of Georgia's most powerful man has alleged in a Tbilisi court that he was "kidnapped from abroad" last Saturday and flown back to Georgia by force. Giorgi Bachiashvili, 39, who once headed the Co-Investment Fund for Georgia's de facto ruler, billionaire Bidzina Ivanishvili, accused officials of resorting to "banditry" and acting on Ivanishvili's direct orders. He told a Tbilisi court he was blindfolded for two days and then flown back "in complete violation of the law", without access to his lawyers and family. However, authorities say he was detained near a border crossing and Prime Minister Irakli Kobakhidze said he should be happy he was safely in Georgia. Ivanishvili's Georgian Dream party has been in power for 13 years, although the opposition considers the government and parliament "illegitimate", citing widespread allegations of election fraud last October. "Today I am Ivanishvili's personal prisoner," declared Bachiashvili in court on Thursday. He is due to return to court on 9 June. Bachiashvili went on the run in early March, when he fled Georgia midway through a trial that later saw him sentenced in absentia to 11 years in prison for embezzlement, which he has vehemently denied. He had been accused of misappropriating $42.7m from a Bitcoin investment deal, a case he said was politically motivated and led by Ivanishvili. Although he did not say where he had been at the time of his alleged abduction on Saturday, a close friend said on condition of anonymity that Bachiashvili had been at a hotel in Abu Dhabi when three vehicles arrived, and he was seized. "He gets extradited with no lawyer, no trial, absolutely nothing," the friend told the BBC. The BBC has approached the authorities in UAE for a response to the allegation. The businessman also alleged that he had been forcibly returned on a Bombardier aircraft run by Airzena, the former name of privately owned Georgian Airways. In a statement, the airline said it was impossible for anyone to "board or depart from any international airport on any airline illegally". Whatever the circumstances surrounding his return to Georgia, the State Security Service announced he had been arrested on Monday after an anonymous tip-off near the Red Bridge border crossing with Azerbaijan. That crossing has been shut by Azerbaijan since the 2020 coronavirus pandemic. International lawyer Robert Amsterdam said this week that his client was at risk of "arbitrary detention, coercive interrogation, and abusive mistreatment". The head of Georgia's state security service, Anri Okhanashvili, said Bachiashvili had been convicted of a crime and would serve his sentence, adding that not a single hair had fallen from his head, Interpressnews agency reported. The prime minister said the businessman appeared to believe that his life was in danger. If that was the case then he should be happy he was back "in Georgia, in a safe place... in appropriate conditions". The allegations coincide with the departure of another close aide of Georgia's most powerful man. Long-serving interior minister Vahtang Gomelauri resigned on Wednesday without giving a reason, other than to spend more time with his family. Gomelauri has in the past acted as a personal bodyguard for Bidzina Ivanishvili and he has been placed under economic sanctions from the US, the UK and several EU countries for his alleged role in violent suppression of anti-government protests. Ivanishvili, whose estimated wealth is $4.9bn (£3.9bn), made his fortune in Russia in the 1990s in computing, metals and banking. Local hero or Russian ally? The billionaire dividing Georgians Hunger-striking journalist challenges Georgia's government from jail He established a political party in Georgia in 2011 and won elections the following year. Bachiashvili told the Guardian he had served as Ivanishvili's "right-hand man" for over a decade, managing the oligarch's vast financial empire and acting as deputy chief executive of Georgia's sovereign wealth fund. He described playing a crucial role in recovering hundreds of millions of dollars stolen from Ivanishvili by a rogue Credit Suisse adviser, successfully leading complex legal battles across multiple jurisdictions. However, according to Bachiashvili, their relationship soured after Russia's invasion of Ukraine in 2022. He added that Ivanishvili had operated like "a sultan and his servants" with prime ministers, judges and prosecutors, who had all made pilgrimages to his hilltop residence in the capital Tbilisi. Bachiashvili's case mirrors that of another fallen Georgian Dream ally, businessman Giorgi Chikvaidze, who was sentenced to nine years in prison on embezzlement charges in recent weeks after publicly turning against the ruling party and claiming to possess evidence of government ties to Russian intelligence. "Everyone will be held accountable sooner or later," Bachiashvili said in the dock on Thursday, promising to reveal "all the details" of what he called an international crime committed on his former boss's direct orders. Additional reporting by Paul Kirby and Nino Shonia.
The Sun
28-05-2025
- Politics
- The Sun
Georgia arrests fugitive ex-aide of ruling party founder
TBILISI: Georgia on Tuesday announced the arrest of the former top aide to the country's richest man and ruling party founder, as his lawyers warned he risked torture after being forcibly returned. Giorgi Bachiashvili used to be the right-hand man to Bidzina Ivanishvili, the billionaire founder of the Georgian Dream ruling party, who is widely believed to be the de facto ruler of the mountainous Caucasus nation. Bachiashvili, who once headed the tycoon's Co-Investment Fund, fled Georgia in early March amid mounting legal troubles. He has called his former boss Ivanishvili a 'power-drunk criminal' who 'is trading away the future of our country.' Sentenced in absentia to 11 years in prison for alleged embezzlement and money laundering, he has accused Ivanishvili of threatening to 'crush' him in prison. On Tuesday, Georgia's State Security Service said Bachiashvili 'a dual Georgian-Russian national, wanted on an Interpol Red Notice, was arrested on Monday after an anonymous tip placed him near the neutral zone' at the border with Azerbaijan. But Bachiashvili's lawyers claimed that he was 'forcibly returned' to Georgia under murky circumstances and now faces an 'imminent risk of torture.' His lawyer, Robert Amsterdam, condemned the arrest, accusing Georgian authorities of misusing international legal mechanisms to target political opponents. The dramatic arrest comes amid renewed scrutiny of Ivanishvili's influence in Georgian politics and business. Georgia has been rocked by protests since Ivanishvili's Georgian Dream party claimed victory in October parliamentary elections rejected as rigged by the pro-Western opposition, then shelved talks on joining the European Union. Critics also accuse the government of sliding into authoritarianism and tilting the former Soviet republic back towards Russian influence -- an allegation it denies.
The Sun
28-05-2025
- Politics
- The Sun
Georgia Arrests Ex-Aide of Ruling Party Founder
TBILISI: Georgia on Tuesday announced the arrest of the former top aide to the country's richest man and ruling party founder, as his lawyers warned he risked torture after being forcibly returned. Giorgi Bachiashvili used to be the right-hand man to Bidzina Ivanishvili, the billionaire founder of the Georgian Dream ruling party, who is widely believed to be the de facto ruler of the mountainous Caucasus nation. Bachiashvili, who once headed the tycoon's Co-Investment Fund, fled Georgia in early March amid mounting legal troubles. He has called his former boss Ivanishvili a 'power-drunk criminal' who 'is trading away the future of our country.' Sentenced in absentia to 11 years in prison for alleged embezzlement and money laundering, he has accused Ivanishvili of threatening to 'crush' him in prison. On Tuesday, Georgia's State Security Service said Bachiashvili 'a dual Georgian-Russian national, wanted on an Interpol Red Notice, was arrested on Monday after an anonymous tip placed him near the neutral zone' at the border with Azerbaijan. But Bachiashvili's lawyers claimed that he was 'forcibly returned' to Georgia under murky circumstances and now faces an 'imminent risk of torture.' His lawyer, Robert Amsterdam, condemned the arrest, accusing Georgian authorities of misusing international legal mechanisms to target political opponents. The dramatic arrest comes amid renewed scrutiny of Ivanishvili's influence in Georgian politics and business. Georgia has been rocked by protests since Ivanishvili's Georgian Dream party claimed victory in October parliamentary elections rejected as rigged by the pro-Western opposition, then shelved talks on joining the European Union. Critics also accuse the government of sliding into authoritarianism and tilting the former Soviet republic back towards Russian influence -- an allegation it denies.
Yahoo
27-05-2025
- Business
- Yahoo
Ex-aide to Georgia's most powerful man detained after fleeing fraud trial
By Felix Light TBILISI (Reuters) -Georgian authorities said on Tuesday they had arrested an ex-aide to Georgia's most powerful man who fled the country earlier this year while on trial on charges of embezzling cryptocurrency worth more than $800 million from his former boss. Giorgi Bachiashvili, who says the charges were politically motivated, was sentenced in absentia to 11 years in prison for defrauding Bidzina Ivanishvili, a billionaire former prime minister who is widely seen as Georgia's de facto leader. Bachiashvili, who used to run Ivanishvili's investment fund, denies wrongdoing and has said the case aimed to punish him for breaking with Ivanishvili by publicly supporting Ukraine in its war with Russia. Georgia's State Security Service, in a statement published on Facebook, said it had arrested Bachiashvili near the country's southern borders with Armenia and Azerbaijan after receiving an anonymous tip-off. It said that Bachiashvili was under investigation for illegal border crossing. Authorities have said he fled Georgia in March by hiding inside a car before crossing into Armenia and then moving onto a third country. Robert Amsterdam, one of Bachiashvili's lawyers, said in a statement published on his firm's website that Bachiashvili had been returned to Georgia "forcibly" and that he was at risk of torture. The embezzlement charges related to a 2015 loan from Ivanishvili's Cartu Bank, which Bachiashvili had sought to establish a cryptocurrency mining business. The Georgian branch of anti-corruption watchdog Transparency International has said that there is a lack of evidence against Bachiashvili, and that the case appears to reflect Ivanishvili's financial interests. Ivanishvili, who is seen as controlling the ruling Georgian Dream party he founded, has steered traditionally pro-Western Georgia in a more pro-Russian direction since the outbreak of the Ukraine war, while clamping down on opposition at home. In December, he was sanctioned by the United States over a crackdown on protesters opposed to the Georgian government's freezing of European Union accession talks until 2028. The billionaire rarely appears in public, and has not commented on his former aide's flight or subsequent arrest.
The Star
27-05-2025
- Politics
- The Star
Ex-aide to Georgia's most powerful man detained after fleeing fraud trial
FILE PHOTO: Founder of the Georgian Dream party Bidzina Ivanishvili speaks after the announcement of exit poll results in parliamentary elections, at the Georgian Dream party headquarters in Tbilisi, Georgia October 26, 2024. REUTERS/Irakli Gedenidze/File Photo TBILISI (Reuters) -Georgian authorities said on Tuesday they had arrested an ex-aide to Georgia's most powerful man who fled the country earlier this year while on trial on charges of embezzling cryptocurrency worth more than $800 million from his former boss. Giorgi Bachiashvili, who says the charges were politically motivated, was sentenced in absentia to 11 years in prison for defrauding Bidzina Ivanishvili, a billionaire former prime minister who is widely seen as Georgia's de facto leader. Bachiashvili, who used to run Ivanishvili's investment fund, denies wrongdoing and has said the case aimed to punish him for breaking with Ivanishvili by publicly supporting Ukraine in its war with Russia. Georgia's State Security Service, in a statement published on Facebook, said it had arrested Bachiashvili near the country's southern borders with Armenia and Azerbaijan after receiving an anonymous tip-off. It said that Bachiashvili was under investigation for illegal border crossing. Authorities have said he fled Georgia in March by hiding inside a car before crossing into Armenia and then moving onto a third country. Robert Amsterdam, one of Bachiashvili's lawyers, said in a statement published on his firm's website that Bachiashvili had been returned to Georgia "forcibly" and that he was at risk of torture. The embezzlement charges related to a 2015 loan from Ivanishvili's Cartu Bank, which Bachiashvili had sought to establish a cryptocurrency mining business. The Georgian branch of anti-corruption watchdog Transparency International has said that there is a lack of evidence against Bachiashvili, and that the case appears to reflect Ivanishvili's financial interests. Ivanishvili, who is seen as controlling the ruling Georgian Dream party he founded, has steered traditionally pro-Western Georgia in a more pro-Russian direction since the outbreak of the Ukraine war, while clamping down on opposition at home. In December, he was sanctioned by the United States over a crackdown on protesters opposed to the Georgian government's freezing of European Union accession talks until 2028. The billionaire rarely appears in public, and has not commented on his former aide's flight or subsequent arrest. (Reporting by Felix Light;Editing by Helen Popper)
