Prosecutor's Office Launches Investigation Into National Bank Council Member Nana Keinishvili
The Office of the Prosecutor General of Georgia has launched an investigation into National Bank Council member Nana Keinishvili. The investigation is being conducted under Article 337 of the Criminal Code of Georgia, which concerns the unlawful participation of an official or a person equated with an official in entrepreneurial activity.
According to the Prosecutor's Office, the investigation was launched on the basis of statements by the leadership of the company Bitexchange LLC, which were forwarded from the National Bank.
According to the statements and the audio recordings attached to them, Nana Keinishvili is involved in entrepreneurial activity and directly controls a network of companies subject to regulation by the National Bank. The shares of these companies are registered in the names of a member of her family and affiliated persons. According to the statements, Keinishvili also tried to acquire a stake in a company subject to National Bank regulation and thereby expand her business activities.
The Prosecutor's Office explains that, under the Law on Fighting Corruption, a public official has no right to engage in entrepreneurial activity. Under the Organic Law of Georgia on the National Bank, a member of the National Bank Council and members of his or her family may not be partners of a representative of Georgia's financial sector or of a legal entity associated with it.
As part of the investigation, the circumstances of possible unlawful participation by Nana Keinishvili in entrepreneurial activity will be examined. The public will be informed additionally about the results of the investigation.
