Georgian billionaire Bidzina Ivanishvili filed a claim in Geneva for 200 million euros against "Credit Suisse" ;, the bank, which was acquired last year by UBS, told AFP, quoted by BTA.
Honorary chairman of Georgia's ruling party and considered the country's de facto leader, the pro-Kremlin oligarch, who has already won cases against the bank in Bermuda and Singapore in connection with the "Lecodron" - on behalf of a former executive of the bank, convicted of fraud - also appealed to a court in Geneva.
Corroborating information provided by Bloomberg and legal investigative website Gotham City, a court document seen by AFP today shows the complaint was filed on January 10. With a decision of April 18, it was determined to be "admissible". The document does not mention the plaintiff's name, but states his country of origin and the initial amount of assets entrusted to "Credit Suisse" - "about $1.1 billion".
The Georgian billionaire, who served as prime minister in 2012-2013, is fighting a long legal battle against the life insurance arm of Credit Suisse, which approached him in 2004 to offer him a run his condition.
Ivanishvili suffered losses from investments managed by Patrice Lecodron, a former star banker at Credit Suisse who was fired in 2015 and sentenced to five years in prison for fraud in 2018 and committed suicide in 2020