The statement is the most detailed admission yet of how much the legal wrangling is costing Credit Suisse globally and emerged amid closing arguments at a two-day hearing in Singapore, which will mark the end of a trial that began in September.
Credit Suisse Group AG says it has paid US$210 million ($280.2 million) to date to billionaire Bidzina Ivanishvili in a long-running legal saga.
The bank has paid in the sum “over time for the proceedings across all the plaintiff’s accounts,” a spokesperson for the Swiss lender said by email. The statement didn’t break out a figure for an ongoing trial in Singapore.
