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Russian Billionaire Ivanishvili Stripped Of Georgian Citizenship

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  • Russian Billionaire Ivanishvili Stripped Of Georgian Citizenship

    RUSSIAN BILLIONAIRE IVANISHVILI STRIPPED OF GEORGIAN CITIZENSHIP

    Tert.am
    20:57 ~U 11.10.11

    The Georgian authorities have deprived Bidzina Ivanishvili, a
    Georgian-born billionaire living in Russia, of his citizenship,
    citing the nation's ban on dual citizenships.

    According to the RIA Novosti, the move came after Ivanishvili said last
    week he was ready to sell his businesses in Russia and give away his
    Russian and French passports in order to challenge incumbent Georgian
    President Mikheil Saakashvili's party in next year's parliamentary
    elections.

    Bidzina Ivanishvili has been ranked 25th by Forbes in its list of
    Russian businessmen with an estimated fortune of $5.5 billion.

    The Georgian Justice Ministry issued a statement saying Ivanishvili
    was granted French citizenship after receiving his Georgian passport
    in July 2004.

    "Proceeding from this, given the provisions of the Georgian
    constitution and the organic law on Georgian citizenship, Bidzina
    Ivanishvili's Georgian citizenship has been suspended," the statement
    reads.

    According to the Georgian constitution, a Georgian citizen cannot
    simultaneously be a citizen of another state.

    The document does not specify when Ivanishvili was granted his French
    passport.

    On October 7, Ivanishvili announced plans to set up a political
    party uniting "healthy" political forces in Georgia with the goal of
    achieving an absolute majority in 2012 elections.

    The 56-year-old businessman said in a statement his decision was "due
    to the total monopoly held by Mikheil Saakashvili and the recently-made
    constitutional amendments which demonstrated Saakashvili's desire to
    stay in power regardless of all constitutional terms."

    The businessman said he was ready to assume the post of Georgian
    prime minister or parliamentary speaker.

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