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Ex-aide to Georgia's most powerful man detained after fleeing fraud trial

Published by Global Banking & Finance Review

Posted on May 27, 2025

2 min read

· Last updated: January 23, 2026

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Ex-aide to Georgia's most powerful man detained after fleeing fraud trial
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By Felix Light TBILISI (Reuters) -Georgian authorities said on Tuesday they had arrested an ex-aide to Georgia's most powerful man who fled the country earlier this year while on trial on charges of

Former Aide to Georgia's Powerful Leader Arrested After Fraud Trial Escape

By Felix Light

TBILISI (Reuters) -Georgian authorities said on Tuesday they had arrested an ex-aide to Georgia's most powerful man who fled the country earlier this year while on trial on charges of embezzling cryptocurrency worth more than $800 million from his former boss.

Giorgi Bachiashvili, who says the charges were politically motivated, was sentenced in absentia to 11 years in prison for defrauding Bidzina Ivanishvili, a billionaire former prime minister who is widely seen as Georgia's de facto leader.

Bachiashvili, who used to run Ivanishvili's investment fund, denies wrongdoing and has said the case aimed to punish him for breaking with Ivanishvili by publicly supporting Ukraine in its war with Russia.

Georgia's State Security Service, in a statement published on Facebook, said it had arrested Bachiashvili near the country's southern borders with Armenia and Azerbaijan after receiving an anonymous tip-off.

It said that Bachiashvili was under investigation for illegal border crossing. Authorities have said he fled Georgia in March by hiding inside a car before crossing into Armenia and then moving onto a third country.

Robert Amsterdam, one of Bachiashvili's lawyers, said in a statement published on his firm's website that Bachiashvili had been returned to Georgia "forcibly" and that he was at risk of torture.

The embezzlement charges related to a 2015 loan from Ivanishvili's Cartu Bank, which Bachiashvili had sought to establish a cryptocurrency mining business.

The Georgian branch of anti-corruption watchdog Transparency International has said that there is a lack of evidence against Bachiashvili, and that the case appears to reflect Ivanishvili's financial interests.

Ivanishvili, who is seen as controlling the ruling Georgian Dream party he founded, has steered traditionally pro-Western Georgia in a more pro-Russian direction since the outbreak of the Ukraine war, while clamping down on opposition at home.

In December, he was sanctioned by the United States over a crackdown on protesters opposed to the Georgian government's freezing of European Union accession talks until 2028.

The billionaire rarely appears in public, and has not commented on his former aide's flight or subsequent arrest.

(Reporting by Felix Light;Editing by Helen Popper)

Key Takeaways

  • Giorgi Bachiashvili arrested after fleeing fraud trial.
  • Charged with embezzling $800 million in cryptocurrency.
  • Claims charges are politically motivated.
  • Bidzina Ivanishvili is the alleged victim.
  • Arrested near Georgia's border after anonymous tip.

Frequently Asked Questions

Who was arrested after fleeing a fraud trial in Georgia?
Giorgi Bachiashvili, an ex-aide to Bidzina Ivanishvili, was arrested after fleeing the country while on trial for embezzlement.
What were the charges against Giorgi Bachiashvili?
Bachiashvili faced charges of embezzlement related to a loan from Ivanishvili's Cartu Bank, which he sought to use for a cryptocurrency mining business.
What did Bachiashvili claim about the charges?
Bachiashvili claimed that the charges were politically motivated and aimed at punishing him for supporting Ukraine against Russia.
What concerns were raised about Bachiashvili's return to Georgia?
His lawyer expressed concerns that Bachiashvili was returned 'forcibly' and that he was at risk of torture upon his return.
What is the stance of Transparency International regarding Bachiashvili's case?
The Georgian branch of Transparency International stated that there is a lack of evidence against Bachiashvili, suggesting the case reflects Ivanishvili's financial interests.

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