Billionaire Ivanishvili stripped of Georgian passport

PanARMENIAN.Net - The Moskovsky Komsomolets newspaper called former Ukrainian Prime Minister Yulia Tymoshenko, who was given a seven-year sentence last week, “Yulia Khodorkovskaya.” Meanwhile, a new “Khodorkovsky” might be in the making in Georgia, where a prominent billionaire, Bidzina Ivanishvili, has effectively declared war on the president and was deprived of his Georgian citizenship, Alexei Pankin said in his column for The Moscow Times.

“With a net worth of $5.5 billion, Forbes magazine ranks Ivanishvili as the world’s 185th wealthiest individual. The billionaire amassed his fortune in Russia in the metals and banking industries. Following the Rose Revolution in 2004, he moved to Georgia where Saakashvili let him hold dual Georgian-Russian citizenship

Ever since, Ivanishvili has been active in charity work. For example, he helped finance the construction of the massive Holy Trinity Cathedral that has become one of Tbilisi’s main tourist attractions. He installed a modern amusement park outside Saakashvili’s favorite seaside town of Batumi and pays workers at the nearby Botanical Gardens twice the usual state salary. He remodeled all the theaters in the capital and pays a monthly salary of $1,500 to leading figures in the arts and culture. Ivanishvili purchased a fleet of modern automobiles for the country’s honest and upstanding police force.

But in early October, Ivanishvili publicly turned against Saakashvili. In the past two weeks, Ivanishvili has repeatedly accused the authorities of creating a totalitarian, corrupt government.

What’s more, Ivanishvili has announced plans to create a new political party and seek the office of prime minister or speaker of the parliament. He has invited all journalists and others who lost their jobs because of their anti-Saakashvili stances to join his party. He has also offered to purchase privately owned national television channels for three times their market price and then, after the election, sell them back to the original owners for 1 lari (61 cents).

Ivanishvili’s demarche has been met with mixed reactions. The authorities, apparently only now discovering that he also holds a French passport, stripped him of his Georgian citizenship. Chabua Amirejibi, a highly respected Georgian literary figure who spent 16 years in Stalinist prison camps, has practically hailed Ivanishvili as a messiah who is trying to free the Georgian people from Saakashvili’s autocracy. People with close ties to the business community claim that Ivanishvili is tired of the government’s constant demands for charitable handouts even while prohibiting him from investing in choice bits of real estate,” the article said.

“It is remarkable how Russia, Ukraine and Georgia have all adopted basically the same strategy of persecuting their respective Enemies No. 1,” the author resumes.