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Former Georgian Prime Minister Bidzina Ivanishvili Sues Credit Suisse for $1 Billion Loss

Former Georgian Prime Minister Bidzina Ivanishvili Sues Credit Suisse for $1 Billion Loss

Ex Georgian Prime Minister Bidzina Ivanishvili sued Credit Suisse in Singapore, New Zealand and Bermuda, claiming the bank's fraudulent mismanagement caused him investment losses and led to him losing $1 billion.
The bank was ordered to pay $926 million to Ivanishvili by a Singapore court, which ruled that Credit Suisse failed in its duty to safeguard his assets from fraudulent transactions by his relationship manager Patrice Lescaudron.

Credit Suisse claimed the decision was wrong and posed significant legal issues and said it would appeal.
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Suspected Terror Attack: Tesla Cybertruck Explodes Near Trump Tower
Gas Crisis Halts Industry in Transnistria
Transnistria’s Economic Paralysis: Russian Gas Cessation Halts Industry
Canary Islands Face Unprecedented Influx: Atlantic Migration Route Sets Grim Record
Ukraine Halts Russian Gas Transit, Sparking Energy and Diplomatic Turmoil in Europe
Terror Strikes New Orleans: Tragic New Year's Eve Attack Leaves 15 Dead
Tragedy at Sea: 20 Missing in Mediterranean Migrant Crisis
Romania and Bulgaria Join EU's Schengen Zone, Removing Land Border Controls
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