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Ex-Credit Suisse Banker to Plead Guilty in Mozambique Case

May 20, 2019, 8:56 PM

An ex-Credit Suisse Group AG banker will plead guilty to conspiracy for her role in arranging loans to Mozambique that were used for bribes and kickbacks, a judge said.

Detelina Subeva, a former vice president in the bank’s global financing unit, will enter her plea in federal court in Brooklyn, New York, U.S. District Judge William Kuntz II said on May 20. She’s one of three Credit Suisse bankers the U.S. accused of working with Mozambique’s ex-finance minister to siphon at least $200 million.

The case centers on deals that allowed Mozambique to borrow $2 billion for maritime projects and ...

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