United States

Russian soda giant wins case against Credit Suisse banker

A Russian soft drink mogul who was bilked out of $35 million by an unscrupulous Swiss banker won a legal victory last month when a Manhattan federal judge allowed the case against the bank to go forward. Olga Kurbatova, a millionaire Muscovite, was granted a rare application to gather evidence from a Swiss criminal investigation to bolster her case that the bank, Credit Suisse, currently run by Chief Executive Tidjane Thiam, knew about a decade-long, $150 million fraud that ripped off a half-dozen wealthy Russian clients, according to a Jan. 22 court order. “I’m very happy that finally we can get some peace from this information that might be very useful for us,” Kurbatova, whose company distributes soda throughout Russia, told ...