Giorgi Bachiashvili fully admits guilt, reaches plea deal, says Georgian Prosecutor’s Office
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.
All News
07 March 2026, 17:16
Justice
Georgian Security Service summons Khidasheli, Sanikidze, Kandelaki for questioning amid claims linked to Middle East tensions
The Georgian State Security Service on Saturday confirmed that former defence minister Tina Khidasheli, Gubaz Sanikidze, an MP for the opposition United National Movement party, and Giorgi Kandelaki, the former United National Movement government official, have been summoned for questioning regarding recent public statements and publications containing claims about foreign recruitment in Georgia, with some statements containing accusations or hints related to terrorism.
07 March 2026, 16:39
Politics
Georgian Parliament official slams “anti-state” statements amid Middle East tensions, says critics use any situation against Georgia
Giorgi Sosiashvili, the deputy chair of the parliamentary committee on education, science, and youth affairs, on Saturday accused certain individuals and groups of using every available situation against their own country, pointing to recent anti-state statements and publications as deliberate attempts to exploit the ongoing Middle East tensions to damage Georgia’s interests and raise domestic instability.
07 March 2026, 15:36
Politics
Orchestrated disinformation campaign and hostile actions target Georgia amid heightened tensions in Middle East
Following statements by Tina Khidasheli, Giorgi Kandelaki, former United National Movement government official, has joined what officials describe as an orchestrated disinformation campaign against Georgia. Kandelaki’s name has been linked to another study that critics say is built on false claims and levels dangerous accusations against the country. Even some opposition figures have called on him to demonstrate greater responsibility.
07 March 2026, 13:31
Politics
Georgian Parliament Speaker calls on foreign donors for constructive engagement over transparency
Georgian Parliament speaker Shalva Papuashvili on Saturday said that foreign donors had repeatedly rejected the Georgian government’s recommendations regarding transparency and urged them to engage constructively in the process.
06 March 2026, 21:56
Politics
Georgian MP: high-level Washington meetings highlight Georgia’s geostrategic importance
Eka Sepashvili, an MP from the People's Power party, on Friday commented on the visit of a Georgian parliamentary delegation to the United States, describing it as “highly productive”.
06 March 2026, 21:46
Politics
Georgian PM, Asian Development Bank President open new ADB resident mission office in Georgia
Georgian prime minister Irakli Kobakhidze, together with Masato Kanda, the president of the Asian Development Bank, resident mission director Lesley Bearman Lahm, and Georgia’s minister of finance Lasha Khutsishvili, on Friday inaugurated the new office of the Asian Development Bank’s resident mission in Georgia.
06 March 2026, 15:17
Politics
“Georgian people must be punished with visa restrictions” - NGO leader Nino Lomjaria’s ultimatum at closed-door meeting with EU diplomats exposed
New details have emerged regarding a closed-door meeting involving Nino Lomjaria, the founder of the NGO Georgian European Orbit, members of the United National Movement’s New Union, and European diplomats.
06 March 2026, 14:56
Politics
Georgian Gov’t maintains course to prevent Ukraine-style situation, says ruling party Sec Gen
Kakha Kaladze, the mayor of Tbilisi and secretary general of the ruling Georgian Dream party, on Friday said Ukraine was facing an extremely difficult situation and expressed hope for peace for the Ukrainian people.
06 March 2026, 14:56
Politics
US Department of State: United States seeks constructive relationship with Georgia
The United States has been a trusted partner of Georgia and its people for 33 years, the US State Department stated.
06 March 2026, 14:45
Economy
Georgian PM, ADB President discuss “productive” cooperation
Productive cooperation between the Georgian government and the Asian Development Bank was discussed on Friday in a meeting between the Georgian prime minister Irakli Kobakhidze and Masato Kanda, the president of the Asian Development Bank.
06 March 2026, 14:23
Politics
Georgian Parliament official says meetings with US congressmen show shift toward pragmatic US-Georgia cooperation
Meetings with US congressmen were extremely important and demonstrated a significant shift in rhetoric compared to the previous US administration, said on Thursday Mariam Lashkhi, the chair of the Georgian Parliament's education, science, and youth affairs Committee.
06 March 2026, 13:55
Politics
Georgian Parliament official urges Congress members to prevent anti-Georgian initiatives from derailing relations
Nikoloz Samkharadze, the chair of the foreign relations committee of the Georgian Parliament, on Thursday said the Georgian parliamentary delegation asked congress members to carefully examine legislative initiatives that are sometimes introduced by individual lawmakers and clearly carry an anti-Georgian character.
06 March 2026, 13:40
Economy
Asian Development Bank President: encouraging to hear significant results of Georgia’s reforms and sound macroeconomic management
Masato Kanda, the president of the Asian Development Bank, on Friday said it was encouraging to hear the significant results of Georgia’s reforms and sound macroeconomic management following his “productive” meeting with Lasha Khutsishvili, the Georgian minister of finance.
06 March 2026, 12:49
Politics
Georgian Parliament official says positive dynamics in relations with United States “evident”
Levan Makhashvili, the chair of the Georgian Parliament’s European integration committee, on Thursday said the positive dynamics in relations with the United States was evident.
06 March 2026, 12:13
Politics
Georgian Parliament official says Brussels misled Ukraine with false promises
A report by Politico stating that ambassadors of European Union member states do not support a fast-tracked format for Ukraine’s accession to the EU has sparked political commentary in Georgia.
06 March 2026, 11:34
Politics
Georgian Parliament official says “no high expectations” for EU relations reset amid “unrestrained campaign” by Brussels bureaucrats
Levan Makhashvili, the chair of the Georgian Parliament’s European integration committee, on Thursday said it would be misleading to claim that Georgia has high expectations regarding a reset of relations with the European Union, citing what he described as an “unrestrained campaign” by Brussels bureaucrats.
05 March 2026, 22:09
Economy
Georgian National Bank: Georgian financial system consistently complies with United States and other international sanctions imposed on Iran
The Georgian National Bank on Thursday responded to an article published in The Hill, stating that the Georgian financial system consistently complies with the United States and other international sanctions imposed on Iran.
05 March 2026, 22:04
Justice
Georgia detains 14 Turkish citizens wanted for various crimes in joint operation with Turkey
Law enforcement officers from the Ministry of Internal Affairs of Georgia, in cooperation with their Turkish counterparts, on Thursday detained 14 citizens of Turkey during a large-scale operation conducted across several locations in Georgia. According to officials, 11 of the detainees were wanted internationally under Interpol Red Notices issued by Turkish authorities.
05 March 2026, 22:00
Foreign policy
Georgian PM expresses concern over drone attacks in Nakhchivan in call with Azerbaijani President
Georgian prime minister Irakli Kobakhidze on Thursday held a telephone conversation with the Azerbaijani President Ilham Aliyev.
05 March 2026, 21:50
Politics
Georgian Parliament official: we hope that under new US administration, Georgian-American relations will further deepen and flourish
Nikoloz Samkharadze, the chair of the foreign relations committee of the Parliament of Georgia, on Thursday expressed hope that Georgian-American relations would deepen and flourish further under the new United States administration.