"A Bermuda court said Credit Suisse Group AG must pay billionaire Bidzina Ivanishvili about $555 million for allowing a private banker to steal from the former Georgia prime minister and mismanage his money."
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"had spent weeks fending off allegations from Georgian billionaire Bidzina Ivanishvili that the unit bears responsibility for failing to prevent convicted fraudster Patrice Lescaudron from losing $400 million of the $755 million he'd invested with the unit."
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"But his former clients, including the principal victim Georgian billionaire and ex-prime minister Bidzina Ivanishvili have voiced frustration with the lack of headway in the investigation into the bank since Lescaudron was convicted in 2018."
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"Smith was referring to an outsized bet that convicted fraudster Patrice Lescaudron made on behalf of Bidzina Ivanishvili in Raptor Pharmaceutical Corp. It was the sharp plunge in Raptor stock that triggered margin calls far greater than what Ivanishvili believed he'd ever be liable for and exposed Lescaudron's fraud, which had gone undetected for close to a decade."
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"Georgian billionaire and former prime minister Bidzina Ivanishvili accuses Credit Suisse Life (Bermuda) Ltd. "
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"The investors, including former Georgian Prime Minister Bidzina Ivanishvili who is also a defendant in the London lawsuit, believe Credit Suisse should bear some responsibility for the rogue banker's crimes."
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"The Georgian Dream of billionaire Bidzina Ivanishvili received 48.1% of votes counted by late Sunday to post its third straight election victory over the main opposition bloc that proposed his arch rival, former President Mikheil Saakashvili, as its candidate for prime minister."
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"The Mtavari TV exit poll showed the Georgian Dream party of billionaire Bidzina Ivanishvili won 41% of the vote, while its main rival, the United National Movement, took 33%."
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"Georgians will elect a new parliament Saturday with the ruling party founded by billionaire Bidzina Ivanishvili seeking a third successive victory even as it contends with a slump in the currency and a resurgent coronavirus epidemic."
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