Swiss bank Credit Suisse paid ex-prime minister of Georgia, billionaire Bidzina Ivanishvili 210 million dollars. Bloomberg writes about it.
The bank paid the amount "over a period of time as part of the review of all the plaintiff's accounts," a Credit Suisse representative said.
Last March, The Financial Times reported that Ivanishvili won a lawsuit against the Swiss bank Credit Suisse and will receive more than $500 million from it (Bloomberg writes about $607 million). The decision was then made by a court in Bermuda. The parties are currently awaiting a court decision in Singapore.
The total sum of Ivanishvili's claims was about $800 million. Ivanishvili claims that he lost his money due to the actions of former bank manager Patris Lescoderon, who was convicted of fraud. Lescoderon committed suicide in 2020.
The next stage of Ivanishvili's confrontation with Credit Suisse began after the Russian invasion of Ukraine. It was reported, for example, that the bank froze 2.7 billion pounds belonging to the businessman, on the basis that the funds could be of Russian origin.
Ivanishvili's lawyers periodically publish statements accusing Credit Suisse of political pressure. It is alleged that the oligarch is still unable to access the money held in trusts set up by Credit Suisse.