BIDZINA IVANISHVILI

A Singapore court says Credit Suisse owes billionaire and former Georgian Prime Minister Bidzina Ivanishvili hundreds of millions of dollars for failing to protect his money in a trust pilfered by a manager.

Preliminary election results show that Georgia's ruling party won the country's highly contested parliamentary election, but the opposition have refused to recognize Sunday's results. With more than 99% of ballots counted, the Georgian Dream party had received 48.1% of the vote in Saturday's election, according to the website of Georgia’s Central Election Commission. The biggest opposition alliance, led by the United National Movement party, got 27.1%. Irakli Kobahidze, Georgian Dream's executive secretary, said the party won enough seats in the 150-seat parliament to form a government. That’s where the consensus is right now,” European Georgia party leader Giga Bokeria, whose party won 3.8% of the vote, told The Associated Press.

In this handout photo released by Georgian Dream Party Press office, Georgian businessman Bidzina Ivanishvili, who created Georgian Dream party, wearing a face mask to help curb the spread of the coronavirus, speaks to the media after voting at a polling station during the parliamentary elections in Tbilisi, Georgia, Saturday, Oct. 31, 2020. Ivanishvili quickly congratulated his supporters on winning the vote after several exit polls showed his party with a strong lead. After the polls closed, billionaire Bidzina Ivanishvili quickly claimed victory for his ruling Georgian Dream party, but it wasn't immediately clear if it won enough votes to stay at the helm. “It needs to be emphasized that the Georgian Dream wins the elections for the third time," he said. “This is practically a great triumph of the Georgian opposition, despite the harassment, intimidation and pressure,” he said in televised remarks from Ukraine.