Who Owned Georgia English.pdf

eceived a phone call in Moscow from Kakha Bendukidze, whowas the minister of economy then. In an interview with Liberalimagazine, Nakopia says Bendukidze invited him to Georgia andoffered him the directorship of Chiaturmangnese or Madneuli. 357Nakopia became director of Madneuli in October, 2004,one year before it was privatized. Of the 21 companies initiallyinterested in the tender, only two ended up fighting for it -Stanton Equities Corporation, which was owned by Generalov,and Energy & Investor Complex (EIC), which was owned byBadri Patarkatsishvili. 358 Stanton won the bid in 2005 with$32.5million, even though it had underbid EIC by $900,000.Stanton said it had agreed to additionally pay off Madneuli’s$16 million dollar debt, a condition that was not in the contract.However, buyers typically inherit a company’s debts with a sale.The suspicious circumstances of the tender leave Georgian NGO,Green Alternative, which monitored the process, to surmise thatthe Ministry could have changed competition requirements afterunsealing competition proposals. 359In 2007, Generalov left Madneuli and was replaced by SimonPolariovkin, who had also been a director of PromishlenieInvestori. Nakopia left his director’s position when he becamea member of parliament in 2008, but he still kept his shares inthe company. He also decided to get involved in the Hollywoodfilm industry and reportedly bankrolled much of the $20 millionfinancial flop, “5 Days of War,” a pro-Georgia account of the 2008war with Russia, co-produced by Mirza Davitaia, who was alsoa UNM lawmaker. 360 Madneuli has also been a leading financialcontributor to the UNM. In the first six months of 2012, severalof its executives contributed a total of 240,000 GEL to the party. 361357 Madneuli - Cheap Treasure Liberali.ge http://www.liberali.ge/ge/liberali/articles/113284/ Accessed on 04/12/2012358 Ibid359 Ibid360 Seeking Drama In a Conflict That’s Still Raw. Eric Pape. The New York TimesAugust 12, 2011 http://www.nytimes.com/2011/08/14/movies/5-days-of-warrenny-harlin-on-russian-georgian-conflict.html?_r=0Accessed on 04/12/2012361 Political Party Donations. Civil Georgia http://www.civil.ge/eng/article.php?id=24907 Accessed on 04/12/201289