Giorgi Bachiashvili, former CEO of the "Co-Investment Fund", who was accused of misappropriating cryptocurrency belonging to Bidzina Ivanishvili, has been found guilty by the Tbilisi City Court and sentenced to 11 years in prison.

The Judge Giorgi Gelashvili found him guilty of both charges: the misappropriation of a large sum of money and the legalization of illegal income.

For the misappropriation charge, he was sentenced to 10 years in prison, while for the legalization of illegal income, he received an 11-year sentence. Since the longer sentence takes precedence, Bachiashvili was ultimately sentenced to 11 years in prison.

Notably, Bachiashvili was charged under Articles 182-3 "b" and 194-3 "g" of the Criminal Code of Georgia, which pertain to the misappropriation of a large sum of money and the legalization of illegal income involving particularly large profits.

In total, Giorgi Bachiashvili faces charges in 3 criminal cases. A verdict was issued in 1 case today, while in the other 2, he has been sentenced to pretrial detention in absentia.