One of Georgia’s most famous investors, billionaire George Bachiashvili, has been under investigation for embezzlement and money laundering through his Bitcoin (BTC) mining fund.
a local agency 6 July According to the news published on to 40% founder of the Co-Investment fund that contributes George Bachiashvili, Georgia Prosecutor’s Office by 2017 in the year 39 million worth a dollar By embezzling 8,253.13 BTC And by money laundering is accused.
According to the allegations made by the Georgian Prosecutor’s Office, Bachiashvili, in 2015 with the funds he personally collected Bitcoin mining fund founded. If the Fund has been in operation for more than a year, 116 million worth a dollar 24,662 BTC produced. Profit from total revenue 39 million worth a dollar 8,253.13 BTC only as dividends to investors. $536,900 paid. Subject to allegations at the date of writing of 8,253.13 BTC 247 million was valued in dollars.
Prosecutor’s Office about Bachiashvili’s remaining funds hiding the details And transferring to different wallets claimed that he intended to use it in financial transactions. If Bachiashvili is found guilty in this context 9 to 12 years between with a prison sentence reported to be faced.
On the other hand, the investor legal representation law firm that Amsterdam & Partners LLP press on the subject in the statementany of the charges there is no evidence and your action with political motivations claimed to be carried out.
Georgia Co-Investment fund, the investigation has no connection with the fund. that there is no expressed.