The News in Brief
Friday, January 19, 2024
Prepared by Messenger Staff
Bidzina Ivanishvili's Money Laundering Complaint Against Credit Suisse Dismissed After Investigation
Bidzina Ivanishvili, the honorary chairman and founder of Georgian Dream, filed a money laundering complaint against Credit Suisse, a Swiss multinational investment bank and financial services company. However, the investigation did not uncover any evidence of money laundering, and his complaint was dismissed.
Bloomberg reported that the investigation found no evidence confirming the alleged money laundering by former banker Patrice Lescaudron or any other representative of Credit Suisse.
Lescaudron, was accused of forging signatures, making unauthorized customer account withdrawals, and illegally transferring millions from Ivanishvili's accounts.
Ivanishvili's representative stated that they strongly disagree with the reasoning that overlooks evidence indicating the customer relationship manager's intention to hide and launder the proceeds of his fraud. Additionally, according to Bloomberg's report, Ivanishvili's team plans to file an appeal in the case.
Irakli Gharibashvili Highlights 'Decade of Peace' Amid Ongoing Russian Occupation Since 2008
During the discussion held in Davos, Switzerland, Georgia's Prime Minister, Irakli Gharibashvili, stated that since 2008, the country has managed to maintain peace and stability despite ongoing Russian occupation of Georgian territories.
"We survived the war in 2008, and since then, Russia has built military bases on our territory and continues to occupy our territories. However, despite this security challenge, we have managed to ensure a decade of unprecedented and continuous peace and stability, fostering prosperity and economic growth in Georgia," said Gharibashvili.
According to Gharibashvili, since the restoration of independence, Georgia has never experienced such a peaceful and stable situation as it is now.
Bidzina Ivanishvili's Money Laundering Complaint Against Credit Suisse Dismissed After Investigation
Bloomberg reported that the investigation found no evidence confirming the alleged money laundering by former banker Patrice Lescaudron or any other representative of Credit Suisse.
Lescaudron, was accused of forging signatures, making unauthorized customer account withdrawals, and illegally transferring millions from Ivanishvili's accounts.
Ivanishvili's representative stated that they strongly disagree with the reasoning that overlooks evidence indicating the customer relationship manager's intention to hide and launder the proceeds of his fraud. Additionally, according to Bloomberg's report, Ivanishvili's team plans to file an appeal in the case.
Irakli Gharibashvili Highlights 'Decade of Peace' Amid Ongoing Russian Occupation Since 2008
"We survived the war in 2008, and since then, Russia has built military bases on our territory and continues to occupy our territories. However, despite this security challenge, we have managed to ensure a decade of unprecedented and continuous peace and stability, fostering prosperity and economic growth in Georgia," said Gharibashvili.
According to Gharibashvili, since the restoration of independence, Georgia has never experienced such a peaceful and stable situation as it is now.