HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » Latest Breaking News (Forum) » Ex-Credit Suisse bankers ...

Thu Jan 3, 2019, 09:19 PM

Ex-Credit Suisse bankers charged over $2bn Mozambique loan scandal

Source: Financial TImes

Three former Credit Suisse bankers were charged by US prosecutors alongside Mozambique’s former finance minister over alleged fraud connected to the southern African nation’s $2bn hidden loans scandal.

A spokesperson for the US attorney’s 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 world’s 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

3 replies, 439 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 3 replies Author Time Post
Reply Ex-Credit Suisse bankers charged over $2bn Mozambique loan scandal (Original post)
Julian Englis Jan 3 OP
Leghorn21 Jan 3 #1
nitpicker Jan 4 #2
Merlot Jan 4 #3

Response to Julian Englis (Original post)

Thu Jan 3, 2019, 09:38 PM

1. YEAH BABY - one by one, the mobsters go down

Or three by three, whatever it takes

GOOD

Reply to this post

Back to top Alert abuse Link here Permalink



Response to Julian Englis (Original post)

Fri Jan 4, 2019, 10:46 PM

3. "Mozambique, one of the world's poorest countries"

The banks will stop at nothing.

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread