The FINANCIAL — “After almost one month since its seizure of Standard Bank, the Georgian Government has completely failed to provide any meaningful justification of their actions or remedy this scandal” Salford Capital said in a statement released last week.
“Knowing that their seizure was without any merit and completed purely for political motives, the Georgian Government is faced with the option of fully remedying damages caused by their actions or face an embarrassing and costly international litigation which will expose the unlawful actions perpetrated by them and the overtly political nature of this scandal”.
"Salford's legal counsel and forensic auditors are finalising preparations to initiate a legal case against the Georgian Government and all other parties involved in this. As we gather more evidence, it is clear that we have a very strong case. By now, I have no doubt the Georgian Government knows this too. Delaying full remedy of this issue will only further increase damages owed to us”, Peter Nagle, Managing Director of Salford stated.
