The Anaklia Development Consortium and major foreign investor Bob Meyer have filed independent arbitration claims against Georgia on July 29 over their infringed rights in the Anaklia Port project.
The consortium and Meyer are demanding the restitution of their rights and compensation for damages done to the consortium as a result of what they say was a government campaign during the implementation of the Anaklia Port project.
The amount of this claim is large, exceeding $1 billion, and consists of the losses of the ADC and Meyer, which is a direct result of the Georgian government's campaign to undermine the Anaklia port project," the statement said.
The Anaklia Development Consortium claims that the Georgian government conducted a covert campaign against the consortium to prevent the Anaklia project from being implemented.
The statement of the consortium reads that the government officials have repeatedly criticised the project and its shareholders in both public and private meetings.
Potential investors and funders were even told that the government did not want to participate in their project, which was a clear confirmation to US government officials that the project did not have the support of the Georgian government”, reads the statement.
The Anaklia Consortium statement also called for an investigation into TBC Bank founders Mamuka Khazaradze and Badri Japaridze, alleging money laundering charges aimed at warning investors and financiers to refrain from supporting the project.