Due to high public interest, we would like to inform our society about circumstances established by the investigation at this stage, regarding to the fact of legalization of illegal income:
It is publicly known that Prosecutor`s Office of Georgia has started investigation regarding to the fact of legalization of illegal income, for the signs of crime under Article 194 §3 (c) of the Criminal Code of Georgia on 2 August 2018.
Investigation has started based on a written information provided by the Financial Monitoring Service of Georgia in accordance with the legislation on 1 August 2018.
The following scheme is shaped on the basis of evidences existing in the case at this stage of investigation:
April-May 2008 – TBC Bank gave to Samgori M Ltd and Samgori Trade Ltd the companies of the businessman close to Mamuka Khazaradze USD 17 million as a loan.
On the same day, abovementioned USD 17 million was transferred to Mamuka Khazaradze and Badri Japaridze`s personal accounts. When the aim of this loan was to fill turnover and not to give it to Khazaradze-Japaridze as a loan. This means that USD 17 million that was issued from their own bank had been transferred to Khazaradze-Japaridze`s personal accounts on the same day.
October-November 2008 – Terms of loan payment had been increased for one year without any particular reason for the companies of the businessman close to Mamuka Khazaradze. It should be noted that payment of loan had not been started yet.
Though, in approximately one month, on 31 December 2008, before loan liability period TBC Bank:
1. Classified abovementioned loan as bad debts without any particular reason;
2. Before terms established by the bank regulations, wrote-off them that means that they were moved to external balance account. It should be noted that the loan had not been paid;
3. Did not demand from guarantors to refund money;
4. Did not cut the money off from the account or did not confiscated properties mortgaged for loan.
It should be highlighted that despite of the fact that the loans given to Samgori Trade Ltd and Samgori M Ltd were classified as bad loans, TBC Bank continued crediting of the companies of the businessman close to Mamuka Khazaradze and gave them another loans on the basis of other loan agreements.
Moreover, TBC Bank fully exempt abovementioned companies from loan liabilities before the bank in 2012 that happened as follows:
TBC Bank replaced the companies of the businessman close to Mamuka Khazaradze by the company registered offshore zone one month before which did not have any financial active in Georgia without any loan insurance.
An agreement had been signed with company registered in offshore according to which, this company undertook the obligation to pay loan in amount of USD 17 million instead of Samgori M Ltd and Samgori Trade Ltd and obtained the right to demand money from Khazaradze-Japaridze.
At the same time, TBC Bank exempted immovable properties mortgaged for loan insurance periodically.
It should be noted that trustee of offshore company was a citizen of Georgia P. Gh, who was a member of credit committee during giving loans to Samgori M Ltd and Samgori Trade Ltd and who held a high managerial position at TBC Bank when these companies had been replaced by the company registered in offshore.
Delivery and Acceptance Certificate on rendering service with mediator company between the companies of the businessman close to Mamuka Khazaradze and offshore company was made on 28 September 2012.
It should be taken into consideration that the loans of Samgori Trade Ltd and Samgori M Ltd was written-off when they have not paid for loan service and abovementioned loans have not been returned to the bank yet.
Moreover, it is established that Mamuka Khazaradze and Badri Japaridze have not paid debt to Samgori Trade Ltd and Samgori M Ltd.
Within the frameworks of investigation, investigational actions including interrogation of concerned persons, obtaining additional documentations and their study continues.
Due to high public interest, Chief Prosecutor`s Office of Georgia will provide our society with information regarding to investigation periodically.