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Reading: Bitcoin, beatings, and a billionaire’s vendetta: Georgia’s Bachiashvili case
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Michigan Post > Blog > Crypto & Web 3 > Bitcoin, beatings, and a billionaire’s vendetta: Georgia’s Bachiashvili case
Crypto & Web 3

Bitcoin, beatings, and a billionaire’s vendetta: Georgia’s Bachiashvili case

By Editorial Board Published September 15, 2025 3 Min Read
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Bitcoin, beatings, and a billionaire’s vendetta: Georgia’s Bachiashvili case

A former aide to Georgian de facto chief Bidzina Ivanishvili is being held as a “personal prisoner” of the billionaire politician after being convicted of stealing $43 million value of bitcoin (BTC).

Giorgi Bachiashvili, who had beforehand been Ivanishvili’s “right-hand man,” was convicted in Might 2025 and sentenced to 11 years in jail for misappropriating 8,986.86 BTC and laundering the funds.

Nevertheless, in line with Bachiashvili’s mom, her son is the sufferer of a “personal vendetta” by Ivanishvili who she has known as “evil,” and says is with out humanity or empathy.

She additionally claims that Bachiashvili has been violently crushed in his cell and is now the “personal prisoner” of Ivanishvili, Georgia’s ex-prime minister, who nonetheless reportedly controls the nation.

“My only hope is the European institutions. Giorgi is now Ivanishvili’s personal prisoner. I ask, for someone to help, please,” she stated.

In response to Georgia’s Prosecution Workplace, Bachiashvili “attempted to to cover up the illegal origin of the misappropriated assets, hid and disguised the true source of their origin through various financial transactions and actions, thereby allowing him to freely dispose of and use the illegally obtained assets.”

He then fled to Abu Dhabi mid-way by his trial however was arrested after an interview with The Guardian through which he claimed that he was being punished by Ivanishvili for his criticism of Russia’s invasion of Ukraine.

His attorneys say he was blindfolded and flown again to Georgia whereas being taunted for believing he may flee from Ivanishvili.

One supply near Bachiashvili advised the BBC that he was extradited “with no lawyer, no trial, absolutely nothing.”

Certainly, Transparency Worldwide described Bachiashvili’s conviction as being “devoid of both legal and factual grounds.”

Georgia authorities goal Bachiashvili’s household

On the day that Ramazashvili first publicly referred to her son as Ivanishvili’s private prisoner, the Georgian authorities froze financial institution accounts belonging to the pair, and to Bachiashvili’s father.

Now, Georgia’s Prosecutor’s Workplace is increasing its investigation to find out whether or not or not his household was a part of the BTC misappropriation. 

The Guardian reviews that Georgia’s justice system is now beneath the political management of Ivanishvili, whereas the nation has descended into an autocracy. 

TAGGED:BachiashvilibeatingsbillionairesbitcoincaseGeorgiasvendetta
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