Credit Suisse Woes Spread to Singapore With $800 Million Trial
- Billionaire Ivanishvili just won $608 million in related case
- Bank’s handling of convicted fraudster now being investigated
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Credit Suisse Group AG’s legal battle with billionaire client Bidzina Ivanishvili has spread to Singapore as the Georgian gears up for trial with a unit of the Swiss lender over what he claims are $800 million in losses tied to a rogue banker.
Fresh from a big win in Bermuda earlier this year, the former Georgian premier is now suing a different subsidiary of Credit Suisse as part of his campaign to claw back profits frittered away by convicted fraudster Patrice Lescaudron.