POLITICS

$16 million frozen on accounts of TBC Bank founders accused of money laundering

21.08.19 17:30


TBC Bank co-founder Mamuka Khazaradze says that the equivalent of more than $16 million has been frozen on his accounts and on those of co-founder Badri Japaridze per a request of the Prosecutor’s Office.

 

This action serves only one purpose – to bring an end to the public movement we have announced and to all ongoing charity and business projects, including Anaklia. We are not scared! We continue the struggle!” Khazaradze wrote on his Facebook page.

 

The Prosecutor’s Office had been looking into a possible case of money laundering as far back as August 2018.

 

Khazaradze and Japaridze were then charged on July 24, 2019 for laundering $16,664,000.

 

 

source: AGENDA

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