Giorgi Bachiashvili fully admits guilt, reaches plea deal, says Georgian Prosecutor’s Office
Justice
Giorgi Bachiaishvili
Georgia’s Prosecutor’s Office on Wednesday concluded a plea agreement with Giorgi Bachiaishvili, the former Head of the Co-Investment Fund, after he fully admitted guilt in all criminal cases, cooperated with investigators, and compensated for the damage, resulting in a suspended sentence and a fine.
According to the Prosecutor’s Office, Bachiashvili admitted to committing the crimes in all proceedings initiated against him.
The Office stated that he actively assisted investigators and compensated the financial losses identified during the investigation.
Bachiashvili had previously been sentenced to 11 years in prison in the case concerning the misappropriation of cryptocurrency belonging to Bidzina Ivanishvili, the founder of the ruling Georgian Dream party.
He was also convicted of illegally crossing the state border and was sentenced to 4 years and 6 months of imprisonment for that offence.
Additionally, in proceedings related to the Mtkvari HPP case, Bachiashvili has been charged under Article 220¹, Part 2 of the Criminal Code of Georgia.
The charge concerns failure to perform or improper performance of official duties by a person vested with special authority, resulting in grave consequences.
The offence carries a potential sentence of two to five years of imprisonment.
