Ex-Credit Suisse bankers charged over $2bn Mozambique loan scandal
Source: Financial TImes
Three former Credit Suisse bankers were charged by US prosecutors alongside Mozambiques former finance minister over alleged fraud connected to the southern African nations $2bn hidden loans scandal.
A spokesperson for the US attorneys office for the eastern district of New York said that three former employees of the Swiss investment bank were arrested in London earlier on Thursday and their extradition was being sought over alleged money laundering and defrauding of US investors in the loans.
The trio Andrew Pearse, Surjan Singh and Detelina Subeva were arrested pursuant to provisional arrest warrants and released on bail, the spokesperson said.
The charges stem from a 2013 deal for Mozambique, one of the worlds poorest countries, to borrow from international investors ostensibly to fund maritime projects, including a state tuna fishery, ahead of investments in offshore gas.
Read more: https://www.ft.com/content/9ecf86f4-0fb2-11e9-a3aa-118c761d2745
Leghorn21
(13,520 posts)Or three by three, whatever it takes
GOOD
nitpicker
(7,153 posts)Merlot
(9,696 posts)The banks will stop at nothing.