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Badri Patarkatsishvili
Badri Patarkatsishvili
Born (1955-10-31)31 October 1955
Tbilisi, Georgian SSR, Soviet Union
Died 12 February 2008(2008-02-12) (aged 52)
Leatherhead, Surrey, United Kingdom
Ethnicity Georgian Jewish
Occupation Former Owner and CEO of Imedi, Oligarch, and Politician
Net worth 12 Billion before death, assets frozen or confiscated by Georgian Government
Spouse(s) Inna Gudavadze

Arkady "Badri" Patarkatsishvili (Georgian: ბადრი პატარკაციშვილი October 31, 1955 – February 12, 2008) was a Georgian businessman who was also extensively involved in politics. He contested the 2008 Georgian presidential election and came third with 7.1% of the votes. Although his first name was Arkady, he was best known by the nickname "Badri".[1]

Early life[edit]

Born in Tbilisi to a Jewish family,[2][3] Patarkatsishvili's membership of the Soviet Communist party's youth wing, the Komsomol, gave him contacts he found useful later. Between 1994 and 2001, he lived in Moscow. To avoid prosecution on charges of alleged fraud in Russia, he moved to Tbilisi.[4] Patarkatsishvili's business activities had made him the richest man in Georgia with an estimated wealth of $12 billion.[5] In his Russian business deals, he was closely associated with Russian tycoon Boris Berezovsky. In 1992, he became a deputy chief executive of Berezovsky's LogoVAZ group.

In January 1995, Patarkatsishvili became deputy chief executive with responsibility for finance at Russia's ORT TV.[6] In March – May 2001, he was chief executive of Russia's TV6 channel, which, like ORT, was partly owned by Berezovsky. Early in 2006, he bought out Berezovskys stake in Moscow's independent Kommersant publishing house, which he sold on in August that year to senior Gazprom executive Alisher Usmanov.[7]

In 1997, he oversaw the privatization of the Sibneft oil company in auctions that later seemed to have been fixed.[8] Berezovsky snapped up the stake on offer for a fraction of the market value.[9]

Allegations of corruption[edit]

In June 2001, the Russian Prosecutor General's Office charged him with organizing an attempted escape from prison of Nikolay Glushkov - and, in October 2002, with involvement in an alleged grand fraud related to the AvtoVAZ case.

In 2007, numerous allegations of corruption were made against him. He was impeached as president of the Georgian National Olympic Committee, and also quit as a president of the Georgian Business Federation. Tbilisi-based Rustavi 2 TV linked his name with several notorious murders in Russia and Georgia, including the assassination of Vlad Listyev.

Connection with Roman Abramovich and Boris Berezovsky[edit]

According to The Times,[10] Roman Abramovich submitted a 53-page court defence that accused Boris Berezovsky and Badri Patarkatsishvili of demanding huge sums for helping him to rise from obscurity. Arkady “Badri” Patarkatsishvili, emerges as the key intermediary, passing messages between Abramovich and Berezovsky. Mr Patarkatsishvili was offered $500 million by Roman Abramovich, the defence papers that were submitted admit, for protecting Roman in Russia's aluminium wars.

The Times reported that Boris Berezovsky was fighting Badri's widow for £3bn or half of Badri's fortune, after full one year of Badri's mysterious death last year, reportedly caused by heart-failure. It states: "The day after his [Badri's] death, Berezovsky asked Gudavadze [Badri's wife] to sign a statement acknowledging that half her husband’s assets belonged to him. The widow, who is represented by Lord Goldsmith, the former attorney-general, signed but has since changed her mind and sought to have the document annulled. "[citation needed]

Involvement in politics[edit]

Patarkatsishvili claimed to have helped Russian president Vladimir Putin to make his career.[11] He had, he said, recommended Putin to Pavel Borodin, then a senior member of President Boris Yeltsin's Kremlin administration[12] - and his business partner Boris Berezovsky, a Yeltsin insider, had got Putin appointed as Russian FSB director.

In late 2007, he became embroiled in a political scandal after former defense minister Irakli Okruashvili on September 25, 2007 accused Mikheil Saakashvili, the President of Georgia, of planning Patarkatsishvili's assassination. Arrested on corruption charges, however, Okruashvili retracted his accusations against the president, winning release on bail of 10 million Georgian lari (about 6,250,000 USD). He also said that his earlier accusations levelled against Saakashvili were not true and were aimed at gaining political dividends for himself and Badri Patarkatsishvili and at discrediting the President of Georgia.[13][14] On November 6, Okruashvili, said on Patarkatsishvili's Imedi TV - by then managed by Fox TV's parent News Corporation[15] - that he had been forced into retracting his accusations against Saakashvili by pressure that he endured in prison. Down the line from Munich, he said: "All of those accusations, all of those facts that I brought against Saakashvili, everything I said about him is the plain truth."[16]

On October 29, 2007, Badri publicly announced his plans to finance ten opposition parties' campaign aimed at holding early parliamentary elections in April 2008.[17] On November 2, 2007, he addressed a large anti-government rally held in downtown Tbilisi and pledged to further support it.[18] He left Georgia for London shortly afterwards. After the demonstration turned violent, following police attacks, on November 7, 2007, Georgia's Chief Prosecutor's Office announced that he was suspected of conspiracy to overthrow the government.[19] Nevertheless, he said he would run in the January 5, 2008 snap presidential elections under the slogan "Georgia without Saakashvili is Georgia without Terror."[20] Leaders of the major opposition parties distanced themselves from Patarkatsishvili, who had to run as an independent presidential candidate.[21]

On December 24 and 25, 2007, the prosecutor-general's office of Georgia released a series of audio and video recordings of the two separate meetings of the high-ranking Georgian Interior Ministry official Erekle Kodua with Patarkatsishvili and the head of his pre-election campaign Valeri Gelbakhiani. According to the government, Patarkatsishvili was trying to bribe Kodua to take part in what the Georgian officilas described as an attempted coup d'état on January 6, 2008, the next of the scheduled presidential elections. The plan included to stage a mass manifestation against the government and to "neutralize" the Interior Minister Vano Merabishvili. Later independent journalist Vakhtang Komakidze produced what he said was the full transcript of the recorded conversation which showed that Patarkatsishvili was advising against violence and the extracts released had been doctored[22] The accusations forced Patarkatsishvili onto the defensive. He confirmed that he met with Kodua in London, but denied that the bribe was in connection to an alleged coup plot and claimed instead that his intention was to uncover what he said were official plans to rig the election. He also confirmed that he offered Kodua "a huge amount of money" in exchange for defecting from the authorities allegedly to avert a possible use of force by the government against the planned January rallies.[23][24][25]

On December 28, 2007, Patarkatsishvili announced that he would withdraw his bid for presidency, but would nominally remain a candidate until January 4, 2008.[26][27] On January 3, 2008, he reversed himself, however, and decided to run in presidential elections. In response, his top campaign official Giorgi Zhvania (brother of Prime Minister Zurab Zhvania) resigned, declaring that Patarkasishvili did not have the unquestionable reputation one would expect of a country's president.[28]

Interest in sports[edit]

Patarkatsishvali was chairman of the Dinamo Tbilisi soccer club. He served as president of the Georgian National Olympic Committee (GNOC), until being impeached on October 9, 2007.[29]

Personal life[edit]

Patarkatsishvili was married to Inna Gudavadze.


Patarkatsishvili, aged 52, collapsed at Downside Manor, his mansion in Leatherhead, Surrey, England on February 12, 2008 at 10.45 pm. Ambulance crew members tried unsuccessfully to resuscitate him, but he was pronounced dead at 10.52 pm.[1] As in any other case of unexpected death, Surrey police treated the case as "suspicious" and launched an official investigation.[30]

The businessman spent his last day in the City of London office of international law firm Debevoise and Plimpton, meeting his business partner[31] Boris Berezovsky, his spokesperson Lord Bell and his lawyer Lord Goldsmith QC, as well as fellow exiles, the Russians Nikolai Glushkov and Yuli Dubov[32] From the City he left for Down Street, Mayfair, to visit Berezovsky's office[citation needed], and at 7.00 pm was returned to Leatherhead with his Maybach. Shortly after dining, Patarkatsishvili told his family he felt unwell and went upstairs to his bedroom where he was found unconscious after a heart attack.[33]

Preliminary reports indicated a heart attack as the cause of death.[34] According to the first post-mortem tests, the death of Patarkatsishvili appeared to have been from natural cardiac-related causes. According to the pathologist Ashley Fegan-Earl, he could identify a "severity that could have resulted in a sudden and unexplained collapse and death at any time." He also concluded that chest pain that Patarkatsishvili had had and a sudden collapse "were consistent with death due to coronary heart diseases."[35] Patarkatsishvili's father Shalva Patarkatsishvili also died of a heart attack at an early age of 48. The businessman had no history of illness but was reported to have led an unhealthy lifestyle, smoking excessively and taking no exercise. According to Lord Bell, "he [Badri] always looked 10 years older than he was."[36] However, theories of a possible assassination were considered seriously by some. "[A] number of compounds known to be used by the former KGB can induce heart failure, but leave virtually no trace. One is sodium fluoroacetate, a fine white powder derived from pesticide."[37] The British police checked Patarkatishvili's Surrey mansion for radioactive elements but reportedly found none.[38]

British press coverage[edit]

London Lite was the first newspaper to inform the British public of the Georgian oligarch's death on the evening of 13 February 2008. In the news of 14 February 2008, Patarkatsishvili's death was covered in The Guardian, The Times, Financial Times, The Daily Telegraph, The Independent, etc. Most newspapers discussed Patarkatsishvili's business history, including his close ties with Boris Berezovsky, Roman Abramovich, Alexander Litvinenko, Mikheil Saakashvili and Vladimir Putin.[39][40]

International press coverage[edit]

Reuters reported that Patarkatsishvili feared the Georgian authorities were plotting to kill him, a source close to the late businessman said on the day of death."[41]

Associated Press reported that on December 26, 2007, Patarkatsishvili said that he had obtained a tape recording of an official in his homeland's Interior Ministry asking a Chechen warlord to murder the tycoon in London. "I believe they want to kill me," he said. He said the tape had been given to police.[42]

Novaya Gazeta reported the following information. Patarkatsishvili, living in London, was approached by members of the Saakashvili government demanding that he sell his controlling share in the dissident Imedi TV network. Initially, Patarkatsishvili refused, but was then offered an unprecedented deal: exchanging ownership of Imedi for ownership of the entire Georgian railroad system. Being a businessman, Patarkatsishvili reportedly agreed; however, when the Saakashvili side sent him the contract, there was a new clause, which required Badri to invest $2,000,000,000 in the "improvement" of the railroad property. He refused, but died shortly after. Novaya Gazeta's source is one of the lawyers from the legal side of this deal.[43][44][45]


  1. ^ "В избирательных бюллетенях Бадри Патаркацишвили будет Аркадием (Грузия)". Regnum. 2007-11-28. 
  2. ^ Rochvarger, Michael (5 June 2007). "Badri Patarkatsishvili, future owner of Maariv?". Haaretz. Retrieved 25 November 2013. 
  3. ^ "Badri Patarkatsishvili: Billionaire businessman who failed to buy his way into the presidency of Georgia". The Independent. 14 February 2008. Retrieved 25 November 2013. 
  4. ^ Obituary: Badri Patarkatsishvili, Tom Parfitt, The Guardian, London, 02-15-2008.Accessed: 04-05-2008.
  5. ^ The Richest Georgians of the World. Georgian Times, 04-06-2008.Accessed: 04-05-2008.
  6. ^ Badri patarkatsishvili: from Russian businessman to Georgian presidential claimant (Part One), Vladimir Socor, Jamestown Foundation, Washington DC, 12-21-2007.Accessed: 04-05-2008.[dead link]
  7. ^ Kommersant newspaper sold out, Alliance Media, Moscow, quoting RosBusinessConsulting, 09-03-2006.Accessed: 04-05-2008.[dead link]
  8. ^ Badri Patarkatsishvili, unsigned obituary, The Times, London, 02-14-2008. Accessed 04-06-2008.[dead link]
  9. ^ Badri Patarkatsishvili: From Russian businessman to Georgian presidential claimant (Part One), Vladimir Socor, Jamestown Foundation, Washington DC, 12-21-2007.Accessed 04-06-2008.[dead link]
  10. ^ Roman Abramovich admits paying out billions on political favours
  11. ^ Based on text of his taped conversation with Erekle Kodua Full text in Russian published in Kommersant
  12. ^ Difficulties of translation from Georgian, Kommersant, February 12, 2008
  13. ^ Okruashvili May Be Freed on Bail after Pleading Guilty. Civil Georgia, 2007-10-08.
  14. ^ Court sets Georgia's former defense minister free on bail. Associated Press (International Herald Tribune). October 8, 2007.
  15. ^ News Corporation: A farewell to Georgia?, Giorgi Lomsadze, Eurasia Insight, Eurasianet.org, New York, NY, 03-26-08.Accessed: 04-06-2008.
  16. ^ Firebrand Okruashvili’s Televised Return Boosts Opposition, Radio Free Europe, 11-06-2007.Accessed: 04-06-2008.
  17. ^ Patarkatsishvili Pledges to Finance Protest Rallies. Civil Georgia. 2007-10-28.
  18. ^ Patarkatsishvili Addresses Protest Rally. Civil Georgia. 2007-11-02.
  19. ^ Patarkatsishvili Suspected of "Coup Plotting". Civil Georgia. November 9, 2007.
  20. ^ Patarkatsishvili Says he will Run for Presidency. Civil Georgia. 2007-11-10.
  21. ^ In Quotes: Opposition Leaders on Patarkatsishvili’s Presidential Bid. Civil Georgia. 2007-11-10.
  22. ^ One of the reasons Vakhtang Komakidze fled Georgia Georgian International Media Centre 2010-05-05
  23. ^ Patarkatsishvili Ally a Suspect in Coup Plot. Civil Georgia / 2007-12-24 13:22:55.
  24. ^ More ‘Coup Plot’ Tapes Released. Civil Georgia, Tbilisi / 2007-12-25 20:33:27.
  25. ^ Patarkatsishvili Forced onto Defensive. Georgian Times [Civil Georgia]. 2007.12.26 12:52.
  26. ^ "Georgian Business Tycoon Patarkatsishvili Withdraws from Presidential Race". VOA News (Voice of America). 27 December 2007. Retrieved 2008-12-27. [dead link]
  27. ^ Patarkatsishvili Nominally Remains in Race. Civil Georgia. 2007-12-28.
  28. ^ Georgian Media Tycoon Returns to Presidential Race. Voice of America. January 03, 2008.
  29. ^ Georgian Olympic Committee Impeaches Patarkatsishvili.Civil Georgia. 2007-10-09.
  30. ^ "Georgia tycoon death 'suspicious'". BBC News. 2008-02-13. Archived from the original on 17 February 2008. Retrieved 2008-02-13. 
  31. ^ Gus Garcia-Roberts (November 17, 2011). "Russian billionaires battle for Fisher Island". Miami New Times. 
  32. ^ Badri Patarkatsishvili: exiled oligarch who lived in the shadow of death
  33. ^ Badri Patarkatsishvili, a Death Too Strange & Sudden - Kommersant Moscow
  34. ^ "Prominent Georgian businessman and opposition leader Patarkatsisvhili dies (Part 2)". Interfax. 2008-02-13. Retrieved 2008-02-13. [dead link]
  35. ^ Georgian billionaire Badri Patarkatsishvili had severe heart disease, inquest hears - Mirror.co.uk
  36. ^ Police in poison probe after Georgian billionaire Badri Patarkatsishvili is found dead - Mirror.co.uk
  37. ^ The dead billionaire and the 'KGB poison killer' Keith Dovkants, Evening Standard
  38. ^ "Tycoon died of natural causes". The Sun (London). 2008-02-14. 
  39. ^ "The Guardian and Observer Digital Editions". The Guardian (London). 
  40. ^ http://specials.ft.com/vtf_pdf/140208_FRONT1_LON.pdf
  41. ^ Faulconbridge, Guy (2008-02-13). "Georgian Patarkatsishvili feared murder plot". Reuters. Retrieved 2008-02-13. 
  42. ^ "UK Cops Examine Georgian Tycoon's Death". Associated Press. 2008-02-13. Retrieved 2008-02-13. 
  43. ^ "Особое мнение. Дмитрий Муратов.". Echo of Moscow. 2008-02-13. Retrieved 2008-02-13. 
  44. ^ "Сделка не состоялась. Чем занимался в последние дни перед смертью Бадри Патаркацишвили (in Russian).". Novaya Gazeta. 2008-02-14. Archived from the original on 16 February 2008. Retrieved 2008-02-16. 
  45. ^ "Незадолго до смерти Бадри Патаркацишвили власти Грузии предлагали ему взамен телекомпании "Имеди" грузинские железные дороги (in Russian)?". Regnum News Agency. 2008-02-14. Retrieved 2008-02-16. 

External links[edit]

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Badri Patarkatsishvili

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18 news items

Wed, 19 Mar 2014 00:07:30 -0700

A USD 1.8 billion High Court battle between Russian aluminium tycoon Mr Vasily Anisimov and the family of the late Badri Patarkatsishvili, a Georgian billionaire has settled days before trial. The litigation, which was due to start next week had been ...

The Guardian

The Guardian
Wed, 26 Mar 2014 05:13:26 -0700

Berezovsky's legal adviser, Michael Cotlick, told the hearing that the businessman's financial affairs had been "complicated" by the death in February 2008 of his close friend and business associate Badri Patarkatsishvili, a Georgian oligarch, and that ...
Financial Times
Thu, 10 Apr 2014 12:30:00 -0700

However, Ms Berezovskaya has claimed that Berezovsky's estate was solvent and relies on details of a confidential legal settlement with the family of the dead Georgian tycoon Badri Patarkatsishvili, Berezovsky's business associate who died in 2008, ...

Eurasia Review

Eurasia Review
Sat, 22 Mar 2014 03:52:30 -0700

These other cases include investigation into raid on Tbilisi-based Imedi TV station in November, 2007 and consequent developments surrounding this TV channel, which was owned by tycoon Badri Patarkatsishvili, who died in February 2008; prosecutor's ...
Buenos Aires Herald
Thu, 27 Mar 2014 15:05:30 -0700

His finances were further complicated by the death of another friend and business partner, Badri Patarkatsishvili, who died in unclear circumstances in Britain two years later. Navama said Berezovsky had told him he was "the poorest man in the world".
The Lawyer
Tue, 25 Mar 2014 17:00:00 -0700

Earlier this month, a $1.5bn dispute involving Russian oligarch Vasily Anisimov and the estate of the late Georgian businessman Arkady 'Badri' Patarkatsishvili settled on the court steps (14 March 2014). The legal line-up: For the claimant JP Morgan

vestnik kavkaza

vestnik kavkaza
Tue, 25 Mar 2014 00:19:35 -0700

A representative of the prosecution service stated that it would be reasonable to interrogate the former president about the divestiture of the Imedi TV-company from the family of late Badri Patarkatsishvili. Later, photos from Zurab Zhvania's case ...
Total News Agency
Tue, 25 Mar 2014 12:30:00 -0700

La muerte del oligarca georgiano Badri Patarkatsishvili de un infarto a los 52 años en su mansión de Surrey fue también muy sospechosa para algunos. Son los mismos que cuestionan que Berezovski se suicidara. Demasiados muertos para no sospechar ...

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