Georgian authorities confiscate $200mn worth of radioactive uranium

By bne IntelliNews April 19, 2016

The Georgian State Security Service has arrested three Georgian and three Armenian citizens for trying to sell radioactive Uranium-238, according to The six wanted to sell the radioactive material worth $200mn in Tbilisi, where they were detained on April 16.

Such criminal cases are extremely rare in Georgia, although three men were arrested in January over attempts to sell radioactive Caesium-137. No connections with foreign governments or individuals have been made. It is unclear how the six were able to enrich such a large amount of uranium, or where they purchased it. The lawyers of one of those detained has said that his client is denying the charges.

Related Articles

Billionaire Georgian Dream founder Ivanishvili to return to politics

Bidzina Ivanishvili, Georgia’s billionaire former prime minister, is to return to politics at the helm of the Georgian Dream party he founded in 2012.  Ivanishvili, who built up his fortune ... more

Albanian oil firm Gulf reportedly under investigation for money laundering

Officials from oil distribution company Gulf Albania are under investigation for money laundering, media in Tirana reported on April 22. The owner of the group is Alexandre Gogokhia, a ... more

Six dead, at least three injured in mining accident in Georgia

Six Georgian miners died and at least three were injured when the tunnel in which they were working collapsed on April 5. The Mindeli coal mine, located near the town of Tkibuli in the region of ... more