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NBG has ordered TBC shareholders to remove the Chairman of the Supervisory Board

UPDATED: NBG Ordered TBC Shareholders to Remove the Chairman of the Supervisory Board

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The FINANCIAL -- National bank of Georgia has ordered TBC shareholders to remove the Chairman of the Supervisory Board, Mamuka Khazaradze and his deputy Badri Japaridze from the Supervisory Board. NBG motivated its decision by conflict of interests related to transactions in 2007-2008 being investigated by Prosecutor's office. …