Billionaire Defends Bonus He Paid Convicted Credit Suisse Banker
- Ivanishvili is suing Credit Suisse trust for $800 million
- He defended his $1.5 million payment to convicted fraudster
Photographer: Jason Alden/Bloomberg
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The billionaire fraud victim suing a Credit Suisse Group AG trust for $800 million said he’d paid a $1.5 million bonus to the rogue banker at the heart of the scandal because at the time he’d seemingly been delivering a good performance.
Georgian tycoon Bidzina Ivanishvili told a Singapore court that while transfers to Patrice Lescaudron from 2008 went to private accounts without Credit Suisse’s knowledge, he was too busy to be involved in the logistics of how and where the money was paid.