Bank of Georgia Statement Regarding Defamatory Information

Bank of Georgia Statement Regarding Defamatory Information

Bank of Georgia has issued a statement, which we present below in full:

“Recently, certain groups have been deliberately disseminating false information in the public space, claiming that criminal investigations are being initiated against Archil Gachechiladze in either the United Kingdom or Georgia. According to publicly circulated reports, these false and defamatory claims are linked to the British-Georgian Academy and the British International School of Tbilisi.

Lion Finance Group PLC, Bank of Georgia, and Archil Gachechiladze categorically deny every false and defamatory allegation contained in these reports:

  • It is entirely false that any criminal investigation has been initiated against the Group, the Bank, or Archil Gachechiladze in Georgia or the United Kingdom. We confirm that there are no ongoing investigations or legal disputes regarding this matter involving the Group, the Bank, or Archil Gachechiladze.
  • Neither the companies nor Archil Gachechiladze have any connection to the individuals mentioned in the allegations. Neither he nor any member of the companies’ governing bodies has ever had any involvement in the matters concerning the schools mentioned in the circulated reports.

Such information is part of a discreditation campaign directed against the Group, the Bank, and Archil Gachechiladze. It constitutes a serious violation of legal, professional, and ethical standards, including defamation, the intentional spread of misinformation, and harassment”.