Credit Suisse CSGN.Shas 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 sued Credit Suisse in Singapore, New Zealand and Bermuda, alleging failings at the bank led to fraudulent mismanagement and substantial losses.
Read More : Credit Suisse Directed to Pay $926 Million in Georgia Prime Minister Case