Credit Suisse owes millions to Georgia’s ex-prime minister, court says

A Singapore court ruled on Friday, May 26, 2023, that Credit Suisse owes billionaire and former Georgian Prime Minister Bidzina Ivanishvili hundreds of millions of dollars (Walter Bieri/Keystone via AP/PA)

Credit Suisse owes former Georgian Prime Minister Bidzina Ivanishvili hundreds of millions of dollars for failing to protect the billionaire’s money in a trust pilfered by a manager, a Singapore court ruled on Friday.

It is the latest scandal for the Swiss bank whose yearslong problems forced its takeover by a rival.