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Credit Suisse ordered to pay $926 million in fraud to Georgian billionaire

2lt.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from 2lt.com.au Daily Mail and Mail on Sunday newspapers. ....

United States , Patrice Lescaudron , Bidzina Ivanishvili , Patricia Bergin , Credit Suisse , Singapore International Commercial Court , Credit Suisse Trust , International Commercial Court , Suisse Trust , Suisse Trust Limited ,

Georgian billionaire wins $926 million from Credit Suisse after fraud

Credit Suisse was ordered to pay $926 million to Georgia's former prime minister on Friday for losing part of his fortune in a Singapore court ruling that represents one of the biggest legal awards made against the bank. ....

Georgia General , Shu Yan , Patricia Bergin , Bidzina Ivanishvili , Cavinder Bull , Patrice Lescaudron , David Mdzinarishvili , Denis Balibouse , Credit Suisse , Singapore International Commercial Court , Credit Suisse Trust , International Commercial Court , Suisse Trust , Woo Shu Yan , Prime Minister Bidzina Ivanishvili , Suisse Trust Limited ,

Georgian billionaire wins $926 million from Credit Suisse after fraud

In a shocking turn of events on Friday, Credit Suisse was ordered to pay $926 million to Georgia's former prime minister for losing part of his fortune, in a Singapore court verdict that is claimed to be one of the most huge legal awards made against the bank.According to Singapore's International Commercial Court, a unit of Credit Suisse had not acted in good faith and refused to keep the assets of Bidzina Ivanishvili safe, in the most recent blow to the troubled bank, which is being acquired by UBS. ....

United States , Patricia Bergin , Patrice Lescaudron , Credit Suisse , Credit Suisse Trust , Suisse Trust , Suisse Trust Limited ,

Credit Suisse has been ordered to pay $926 million compensation after a Singapore court said the bank had breached its duty to safeguard the assets of a former prime minister of Georgia. Lawyers for former Georgia Prime Minister Bidzina Ivanishvili had su

Lawyers for former Georgia Prime Minister Bidzina Ivanishvili had sued Credit Suisse in Singapore, New Zealand and Bermuda, alleging failings at the bank led to fraudulent mismanagement and substantial losses. ....

New Zealand , United States , Bidzina Ivanishvili , Credit Suisse , Singapore International Commercial Court , Credit Suisse Trust , Georgia Prime Minister Bidzina Ivanishvili , Suisse Trust Limited ,

Credit Suisse Ordered to Compensate Georgian Tycoon Bidzina Ivanishvili

A Singapore court ordered a Credit Suisse trust unit to compensate the former prime minister of Georgia, though the judgment didn't state the exact amount of damages to be paid.
Credit Suisse Trust Limited failed to safeguard the assets held in the trust and therefore breached its duty to the plain ....

United States , Bidzina Ivanishvili , David Mdzinarishvili Zuma , Credit Suisse Trust , Credit Suisse , Georgian Prime Minister Bidzina , Zuma Press , Suisse Trust Limited ,