“Bidzina Ivanishvili has lost his image of a philanthropic benefactor working for the well being of Georgia, and gained the image of a greedy businessman spreading his tentacles over every large business in the country and using the Prosecutor Office and the Courts,”- says Chairman of the International Chamber of Commerce (ICC) in Georgia Fady Asly.
Asly thinks that the investigation against the chairman of supervisory board of TBC Bank Mamuka Khazaradze, has political grounds.
“What I have noticed regarding Bidzina Ivanishvili is that his eyes are much larger than his belly, he overestimates his power and his intelligence and attacks prays that are much larger than himself. He broke his teeth when he plotted against PMI and BAT, he will break his teeth again with his TBC plot.
Because of all of that Georgia has lost its reputation as an attractive place for foreign investment and the FDI figures for 2018 speak for themselves. In closing I will quote Jesus Christ in the Gospel of Matthew: "Return your sword to its place, for all who will take up the sword, will die by the sword,"- says Asly.
Ross Wilson, chargé d'affaires at the US Embassy Tbilisi said that they are following TBC Bank case with attention because of its potential implications for Anaklia Port. JPMorgan is one of the largest shareholders in TBC bank holding over 8% stake. EBRD is another financial institution which also has 8% stake in the bank.
