Monday, 06 September 2004

FORMER ADJARAN LEADER\'S PROPERTY CONFISCATED

Published in News Digest

By empty (9/6/2004 issue of the CACI Analyst)

The Supreme Court of the Adjar Autonomous Republic ruled on 6 September that the personal fortune of former Adjaran leader Aslan Abashidze and some 30 members of his family, variously estimated at between 100 million laris ($52 million) and $70 million, could not have been acquired legally, and should therefore be confiscated. That property includes land, several villas, bank accounts, and luxury cars. Abashidze stepped down under pressure from the Georgian central government in May and has since lived in Moscow.
The Supreme Court of the Adjar Autonomous Republic ruled on 6 September that the personal fortune of former Adjaran leader Aslan Abashidze and some 30 members of his family, variously estimated at between 100 million laris ($52 million) and $70 million, could not have been acquired legally, and should therefore be confiscated. That property includes land, several villas, bank accounts, and luxury cars. Abashidze stepped down under pressure from the Georgian central government in May and has since lived in Moscow. (Caucasus Press)
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The Central Asia-Caucasus Analyst is a biweekly publication of the Central Asia-Caucasus Institute & Silk Road Studies Program, a Joint Transatlantic Research and Policy Center affiliated with the American Foreign Policy Council, Washington DC., and the Institute for Security and Development Policy, Stockholm. For 15 years, the Analyst has brought cutting edge analysis of the region geared toward a practitioner audience.

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