Issue #1127

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Issue no: 1127

• FEBRUARY 22 - 25, 2019 • PUBLISHED TWICE WEEKLY

PRICE: GEL 2.50

In this week’s issue... EU to Help Build & Upgrade 100 km of EastWest Highway NEWS PAGE 2

Georgian Patriarch Receives Moscow-Subordinated Representatives of Ukrainian Church

FOCUS

POLITICS PAGE 5

ON TEACHING SUCCESS Vladimer Apkhazava makes Top 10 for $1mln Global Teacher Prize

Monument Building POLITICS PAGE 6

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Mamuka Khazaradze Leaves TBC Bank

BUSINESS PAGE 8

USAID WMTR II Program on Waste Management System in Georgia

BY KETEVAN KVARATSKHELIYA

T

he Chairman of the Supervisory Board of TBC Bank, Mamuka Khazaradze, is leaving TBC Bank. Khazaradze announced his decision through a statement posted on his official Facebook page Thursday morning. “I have made the decision to leave TBC Bank where I spent 27 years of my life,” reads the statement. Khazaradze addressed the public and briefly explained the reasons which catalyzed his decision. He wrote that the Bank has been under attack for the past few weeks, which resulted in huge losses for the shareholders, amounting to $200 million in one month. He also noted that the reputation of the Bank has been put into question. “Without any investigation or court decision, they seriously stained our reputation by accusing us of money laundering, the non-existence of which has been internationally recognized,” he stated in the post, going on to highlght the manner in which civil servants and government bodies had dragged their feet regarding the case. Finally, Khazaradze stated that he had decided to leave the Bank. “Accordingly, I made the decision to leave the bank where I spent 27 years of my life, the bank

Sensational, Exceptional, Original – Ambiente 2019!

SOCIETY PAGE 9

Mirian Khukhunishvili: The Maestro of Tbilisi Youth Orchestra

Image source: cbw.ge. Transcript source: IPN

that I turned from $500 into the largest player in the region." Here is the full transcript of his post: "Dear friends, my Tbilisi team! First of all, I want to thank you for your friendship, support and the job we did together for 27 years. There are stages in life when we have to make important decisions. I have been through such stages and I am at another right now.

I will not repeat what kind of attack our bank is facing. As a result, our international shareholders suffered a loss of $200 million in one month, so our country has been seriously damaged. Without any investigation or court decision, they seriously stained our reputation by accusing us of money laundering, the non-existence of which has been internationally recognized. Continued on page 2

CULTURE PAGE 15


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