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Credit Suisse unit ordered to pay Georgian tycoon Ivanishvili US$743 mil

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A Credit Suisse unit has been ordered to pay billionaire Bidzina Ivanishvili US$742.7 million ($1.01 billion) by a Singapore court as it confirmed that the bank’s trust had failed to safeguard its client’s assets.   The amount was revised down from the US$926 million assessed by the court in May….

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