Billionaire Ivanishvili shows how Swiss banks work

Billionaire Ivanishvili shows how Swiss banks work
Bidzina Ivanishvili

The oligarch said that he was disappointed with his attitude to the Swiss bank Credit Suisse, where he kept about $ 800 million on his account and subsequently lost $ 140 million.

Georgian billionaire Bidzina Ivanishvili, who lost $ 140 million due to a manager of Credit Suisse Bank, spoke in an interview about his trial with the Swiss financial institution. According to him, he could not assume that he would be deceived by a Western bank in the way that he was not deceived even in “wild, wild Russia” in the 1990s.

Bidzina Ivanishvili is ranked the 365th in the Forbes global billionaire ranking. His fortune is estimated at $ 4.9 billion.

In an interview with Bloomberg, the billionaire said he was disappointed with the attitude of the Swiss bank Credit Suisse, where he kept about $ 800 million on his account and lost $ 140 million of them. Even in the 90s, when he was engaged in business “in wild, wild Russia,” he did not experience anything similar to what he faced in Credit Suisse, he said.

“I could not imagine that a bank like Credit Suisse could do something like this,” Ivanishvili complained. According to Bloomberg, at the moment, the Georgian billionaire is still suing the Swiss bank for the return of his lost millions.

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