On April 18, Davit Kezerashvili, the founder of the Formula TV channel, released a statement through the channel.

In response to the BBC investigation, Davit Kezerashvili noted that the ruling party and its oligarch leader had been waging a campaign against him for many years, a glaring example of the continued Russian influence and propaganda in Georgia. He also emphasized that it is unfortunate that an international media with high professional standards, whose traditional reputation cannot be ignored, has become part of the campaign.

Kezerashvili said that the author of the investigative material, who writes for "The Times of Israel" and not the BBC, had been attempting to harm his professional image for years. Additionally, he drew attention to the similarity between the Russian narrative against the author and his appearances in Israeli media. Kezerashvili also brought up the investigative journalist's presentation of a selective search of his friend's call center, orchestrated by the Georgian Prosecutor's Office. According to Kezerashvili, it is odd that the journalist did not look for further proof to back up the claims and instead concentrated on studying his social network, noting that the journalist emphasized his 45 Facebook acquaintances connected to the Milton Group.

In response to every accusation made throughout the inquiry, Kezerashvili insisted that he had not declined to work with the journalists. He emphasized that the journalist had repeatedly noted that there was no concrete proof connecting him to the Milton Group, and he had no affiliation with it or any other fraudulent network. He refuted claims that his technology firms had developed any websites or trading platforms for the Milton Group and pointed out that the Milton Group's server was the only place his firm's email could have been since a different cybersecurity firm was continually switching servers.

Kezerashvili noted that critical media outlets in Georgia, such as "Formula," have reported extensively on the government's call center scheme, using proven information and facts. He claimed that he had invited the investigation team to Tbilisi to conduct their operations with the assistance of Georgia's critical media, but they declined since it was not in their best interests at the time. Kezerashvili emphasized that the group had received assistance from "Formula" in many ways, including television footage.