↑ Scroll to top

Situation at the Chocheli Family Companies

Published: August 6, 2013 | 12:29 pm
Text size: -A +A

What is the situation at the companies owned by the Chocheli family? A spokesman for the Zedazeni brewery has told TV3 that the court case regarding money laundering and illegal business activities is ongoing. According to him, all issues with the banks and partner firms have now been resolved, and the company continues to trade as normal. The spokesman adds that the company has had no obstacles in trading under the new government, and has made investments totalling over 8 million GEL since October.
A spokesman at Barambo has stated that the freeze on some of the company’s assets by the Tax Services has still not been lifted. The company is currently unable to participate in tenders, which has led to the reduction in its productivity. Cesar Chocheli is facing charges of money laundering, and was released on bail in January.

VN:F [1.9.10_1130]
Rating: 0 (from 0 votes)
Share on Facebook Share on Twitter
More posts in category: Local Business News
  • Kim Named World Bank President
  • Bank of Georgia Launches New Offer on Business Loans
  • Davit Sergeenko Coy about his Prospects for Becoming Prime Minister
  • FOREX-Dollar firms after profit-taking, more gains seen