Georgians Back Billionaire Ivanishvili With Their Pocketbooks
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Georgian supporters of billionaire Bidzina Ivanishvili flocked to open accounts in his bank after police last month seized cash and detained suspects in a money-laundering probe.
Police on Oct. 19 seized “several million dollars and euros” from an armored delivery van belonging to Ivanishvili’s Cartu Bank and detained at least six people. Depositors initially responded by pulling as much as $2 million out of the Tbilisi-based bank, according to Cartu President Nodar Javakhishvili, who called the confiscation “illegal.”