Bidzina Ivanishvili's lawyer says that despite the court's ruling, Ivanishvili has not been able to access assets since March 20, 2023

Justice 1681288940

ბიძინა

Former Prime Minister Bidzina Ivanishvili's lawyer Lasha Kalandadze has released updated information regarding Bidzina Ivanishvili's Credit Swiss case. As the lawyer notes, Bidzina Ivanishvili, despite the delivery of the court's ruling, has not been able to access his assets since March 20, 2023.

"It should be noted that the bank, as well as the trusts established by the bank, realize that their illegal and criminal actions have caused damage, violated the legal interests of the plaintiffs, and they are trying their best to create artificial obstacles to delay the fulfillment of their obligations.

We will draw the public's attention to the artificial obstacles created in connection with the disposal of cash and assets that could be saved from illegal, including criminal, activities.

As is known to the public, Bidzina Ivanishvili transferred a large part of the funds saved from the crime to another Swiss bank. Credit Suisse could no longer have any interest in the said funds, as the funds were transferred to another bank. Credit Suisse Trust remained in charge of the assets transferred to another bank.

We will not focus on the fact that the function of the trust is to act in favor of the interests of the beneficiaries. It must be said that the trust had been more or less successfully fulfilling obligations until March 2022.

Then the attitude of the trust towards the fulfillment of obligations gradually changed.

The trust tried to at least delay the fulfillment of responsibilities or even avoid them with various baseless/artificial reasons.

This was expressed in the following:

Initially, the trust cited "the ongoing geopolitical events in Eastern Europe" as the reason for the delay in the transfer of funds. For two months, the trust had been refusing to transfer funds for the mentioned reason.

Later the trust used a new excuse, the June 2022 resolution of the European Parliament, even though it was aware that the European Council had not shared the resolution.

It was clear that the trust was trying to avoid obligations. Because of this, the plaintiffs made a decision regarding the liquidation of the trust by applying to the court.

The hearing of the case was scheduled for September 2022. Sessions were postponed several times (October, November, December and March 2023). The consideration of the case on its merits completed on March 20, 2023”, reads the information.

According to the lawyer, they thought that the proceedings regarding the liquidation of the trust would be completed in one day, but in vain. Then they expected that the court decision would be available in writing within a few days, but they were disappointed in this direction as well.

“It can be said that we have the impression that just as the case was artificially delayed, the procedures are also being obstructed in terms of formulating the court decision in writing.

In fact, it turns out that the court ruling restored access to a large part of the assets, including cash, but as the ruling is not yet made in writing, it is not possible to exercise the right to access the assets. Thus, Bidzina Ivanishvili, despite the delivery of the court's ruling, has not been able to access his assets since March 20, 2023", the lawyer said. 

Terms of use of the material
Other news
პაპუაშვილი
Shalva Papuashvili: By defining the candidate for deputy in the party lists as delegates, the parties will have the opportunity to propose to the voters who can act on their behalf within the party

According to Shalva Papuashvili, Chairman of the Parliament, by defining the candidate for deputy in the party lists as delegates, the parties will have the opportunity to propose to the voters who ca...

Politics 1711454381

დინამო
The national team of Georgia will face the national team of Greece today

The national football team of Georgia will face the national team of Greece today in the final match of the qualifying stage of Euro 2024. The match will start at "Dinamo Arena" at 21:00. Simultaneous...

Society 1711454348

კობახიძექ
Prime Minister: In 30 years, we tried to go to the world and Europe 14 times, but we never fulfilled our dream - I believe that today the boys will put their heart and soul into victory and write a new page in the history of Georgian football

In 30 years, we tried to go to the world and Europe 14 times, but we could not fulfill our dream even once - I believe that today the boys will put their heart and soul into victory and write a new pa...

Politics 1711454308

დეკანოიძე
Khatia Dekanoidze on the initiative related to the LGBT community - this is a problem invented by "Georgian Dream" - this will not continue, it is a failed project from the ruling party

I am sure that this was invented only to allegedly discredit the opposition, which will not happen, because the citizens of Georgia are worried about completely different problems, Khatia Dekanoidze,...

Politics 1711454279

პროკურატურა
Prosecutor's Office of Georgia initiated criminal prosecution against 5 citizens of foreign countries and 2 citizens of Georgia on charges of fraud committed by an organized group

The Prosecutor's Office of Georgia opened another transnational crime and started criminal prosecution against 5 citizens of foreign countries and 2 citizens of Georgia on charges of fraud committed b...

Justice 1711454248

მდინარაძე
Mamuka Mdinaradze: We try to separate rights and propaganda, raise the quality of one and fight the other, while propagandists try to deceive and identify with each other - pseudo-liberals cannot stop us from the national cause

We are trying to separate rights and propaganda, raise the quality of one and fight the other, propagandists are trying to deceive, connect, identify with each other and thereby deceive the public, -...

Politics 1711454191