Credit Suisse ordered to pay $926 million to Georgia’s former prime minister
Credit Suisse was ordered to pay $926 million to Georgia’s former prime minister Friday for losing part of his fortune, in a Singapore court ruling that represents one of the biggest legal awards made against the bank.
Singapore’s International Commercial Court said a unit of Credit Suisse had not acted in good faith and neglected to keep the assets of Bidzina Ivanishvili safe, in the latest blow to the troubled bank, which is being taken over by UBS (UBS).
Credit Suisse (CSGKF) said it would appeal the decision.
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