Georgia Capital PLC on Monday responded to a news report by Radio Liberty Georgia last week that said the company’s chair & chief executive officer has been included on a US target list drawn up in response to political turmoil in Georgia.
The report said some members of the US House of Representatives have sent a letter to the new US administration calling for action against a list of 25 individuals including Georgia Capital Chair & CEO Irakli Gilauri.
This was ‘in relation to recent political events in Georgia’. Mass protests have shaken the Caucasus country since November 28, when Prime Minister Irakli Kobakhidze announced that the government would not pursue the launch of EU membership talks until 2028.
Georgia Capital said it is contacting US officials to clarify the circumstances of the letter, but the company highlighted it ‘has no basis for assessing the origin of the list of names’, ‘rejects any suggestion that the US or any other government should be considering action against [Gilauri]’, and is ‘confident that, when furnished with relevant information, the responsible authorities would reach the same conclusion’.
It added: ‘Mr Gilauri leads the company in upholding the highest standards of corporate governance. We have a broad stakeholder base, and our policy has always been to not involve the company in the country’s political process.’
Georgia Capital said it ‘will take every necessary action to respond to unwarranted accusations’ against Gilauri and the company.
Georgia Capital shares were down 1.5% to 1,128.51 pence each on Monday morning in London. The stock is down 6.0% since the start of 2025.
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