Kaladze releases a statement about controversy around his business
Candidate for the minister of energy and natural resources, Kakha Kaladze published a special statement regarding the scandal of the interest of conflicts around his company in the energy sphere and his official authorities. Kaladze was to make this statement after it was reported that his private company Kala Capital has 45% of shares in an energy company, which causes the conflict of interests according to Georgian legislation.
`45% of shares of Sakhidromshen company belongs to Kala Capital Company, which is in my possession. Sakhidromshen carries out projects connected with the energy sector along with other projects. Therefore, according to the Law on Incompatibility of Interests in Public Service and Corruption`, within ten days since I assume the office, Kala Capital will begin procedures of sell off of the company`s shares in Sakhidromshen. As for my other business activities, which are not tied with the energy sector, I will take adequate decisions in accordance with law. I would also underline that my activities was always based and will be always based on the respect of the rule of law,` Kaladze said in the statement.