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You're reading: Georgian tycoon loses court case over citizenship
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Bidzina Ivanishvili, a once reclusive tycoon whose wealth is estimated at $5.5 billion by Forbes magazine, launched his own political movement and called for the president’s resignation in October.

Saakashvili’s pro-Western government has denounced Ivanishvili as a stooge of the Kremlin which humiliated Georgia in a 2008 war.

Ivanishvili has denied the charge but has said he wants to repair relations with Moscow.

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