Chair of International Chamber of Commerce (ICC) Georgia, Fady Asly gave an interview to Business Media Georgia and stated that he can put anyone in jail, if he had the court order for accessing an archive containing files for the past 20 years.
“Give me a court order, two investigators, 48 hours, and access to cases from 20 years ago and I can put anyone in jail, including Bidzina Ivanishvili. Ivanishvili would be the easiest target to put in jail”, stated ICC Chair commenting on TBC Bank Case.
“It is not that easy to look into cases that occurred 11 years ago. Banks are only obliged to keep such type of information for 6 years. Thus, Mamuka [Khazaradaze] and TBC Bank could’ve refused to provide the information about those cases, but they didn’t do so.”, stated Fady Asly.
According to Asly, loans issued for "Samgori M LLC" were only transactions could have be interpreted in way that could have been damaging to TBC Bank. He also describes TBC as ‘the most transparent company’. ICC Chair says that "There was no money laundering, but when you are deliberately trying to find something, you will always find it.”
In the official statement, National Bank of Georgia notes that as a result of September 2018 inspection regulator was “obliged to take relevant actions, keeping in mind the legislative framework and the mandate of NBG, when finding out about the violation of the law in regards to interest of conflict norms (during 2007-2008 transaction) by the Chair and the Deputy Chair of TBC Bank Supervisory Board.”
National Bank of Georgia reiterates that it is an independent institution and that its main responsibilities sometimes involve make heavy and unpopular decisions in order to avoid crisis.
