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Credit Suisse Wins $86 Million Lawsuit by Former Head of European Emerging Markets Energy Sector for Lost Earnings after Jail, Arrested in 2006 for Romania Privatization Deals & Convicted for Alleged Espionage & Member of Organized Criminal Group
23rd February 2023 | Hong Kong
Credit Suisse has won a $86 million lawsuit (UK court) filed by former Credit Suisse banker (Vadim Benyatov, Head of European Emerging Markets Energy Sector) for lost earnings after his conviction & jail, being arrested in 2006 for Romania Privatization deals and convicted for alleged espionage & as a member of organized criminal group. Vadim Benyatov had claimed that he was wrongly convicted while doing the business for Credit Suisse. The UK court roles that the employer cannot be liable for if the employee suffers as a result of his work. Vadim Benyatov had earned $541,000 (GBP 450,000) yearly before he was arrested alongside 2 colleagues in 2006.
“ Credit Suisse Wins $86 Million Lawsuit by Former Head of European Emerging Markets Energy Sector for Lost Earnings after Jail, Arrested in 2006 for Romania Privatization Deals & Convicted for Alleged Espionage & Member of Organized Criminal Group “
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Credit Suisse Wins $86 Million Lawsuit by Former Head of European Emerging Markets Energy Sector for Lost Earnings after Jail, Arrested in 2006 for Romania Privatization Deals & Convicted for Alleged Espionage & Member of Organized Criminal Group
Credit Suisse
Credit Suisse is one of the world’s leading financial services providers. The bank’s strategy builds on its core strengths: its position as a leading wealth manager, its specialist investment banking and asset management capabilities and its strong presence in its home market of Switzerland. Credit Suisse seeks to follow a balanced approach to wealth management, aiming to capitalize on both the large pool of wealth within mature markets as well as the significant growth in wealth in Asia Pacific and other emerging markets, while also serving key developed markets with an emphasis on Switzerland. The bank employs more than 50,000 people. The registered shares (CSGN) of Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com.
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