Parliament official: Credit Suisse stance on Ivanishvili dispute “attempt to exert political influence”
In his comments over Ivanishvili’s long-running battle with Credit Suisse to reclaim funds stolen by a former employee of the Swiss bank, Sarjveladze noted the bank had “no legal or logical basis for creating financial problems” for Ivanishvili. Photo: Parliament of Georgia
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Mikheil Sarjveladze, the Chair of the Georgian Parliament's Committee on Human Rights, on Wednesday said the stance of the Credit Suisse investment bank with regards to the former Georgian Prime Minister Bidzina Ivanishvili was “undoubtedly absurd” and “an attempt to exert political influence” on him by “creating financial problems”.
In his comments over Ivanishvili’s long-running battle with Credit Suisse to reclaim funds stolen by a former employee of the Swiss bank, Sarjveladze noted the bank had “no legal or logical basis for creating financial problems” for Ivanishvili.
“The stance that Credit Suisse has chosen is undoubtedly absurd. No other explanation is convincing, except that it is an attempt to exert political influence on Bidzina Ivanishvili, by creating financial problems. Creating financial problems has no legal or logical basis”, the Parliament official said.
I have not heard the substantiation for what purpose this weapon of influence is used, except that on the backdrop of the current political problems, there might be some kind of coercion of such a decision, which may be dictated not by the interests of Georgia, but by global interests”, Sarjveladze alleged.
The official stressed Credit Suisse “should have a high reputation” and a “high degree of credibility”, adding that by “announcing a whimsical decision” regarding the appropriation of money “with such absurd argumentation and inconsistent logic” was “inadmissible”.
Earlier today, Ivanishvili's legal advisors claimed Credit Suisse management was “creating the illusion of negotiation” over the dispute, which they said served the purpose of “political pressure”.
On July 27, the Supreme Court of Bermuda ordered a local life insurance subsidiary of Credit Suisse to pay $607,33 million in damages to plaintiffs, including Ivanishvili, who had won a long-running battle with the bank in March to reclaim funds stolen by the former employee.
Former Georgian Prime Minister Bidzina Ivanishvili has won a long-running battle with Credit Suisse to reclaim funds stolen by a former employee of the Swiss bank, Financial Times reported on Wednesday, citing people with knowledge of the case.
The Supreme Court of Bermuda has ordered a local life insurance subsidiary of Credit Suisse to pay $607,33 million in damages to plaintiffs, including the former Georgian Prime Minister Bidzina Ivanishvili, who won a long-running battle with Credit Suisse in March to reclaim funds stolen by a former employee of the Swiss bank, AP News reported on Wednesday, citing people with knowledge of the case.
The founder of the ruling Georgian Dream party and the former Prime Minister of Georgia, Bidzina Ivanishvili, who left politics in January 2021, said on Wednesday the United States Ambassador to Georgia Kelly Degnan had requested a meeting with him in March of this year, shortly after the Russian invasion of Ukraine, with the two holding a three-hour discussion.
Former Prime Minister and the founder of the ruling Georgian Dream party Bidzina Ivanishvili says that he will not return to politics and will suspend any political and public activities following his announcement on Monday to leave Georgian politics.
Bidzina Ivanishvili, the newly elected honorary Chair of the ruling Georgian Dream party, the former Prime Minister and the founder of the GD party, on Saturday said despite “being de-facto sanctioned” in the “harshest ways” and by “bypassing all the laws”, he was doing “very well” and was returning to politics to further help Georgia.