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Ex-Credit Suisse Bankers Charged in Mozambique Loan Scandal (2)

Jan. 4, 2019, 3:59 PM

Three former Credit Suisse Group AG bankers were charged in New York with defrauding U.S. investors after helping arrange hidden loans to Mozambique, thrusting another global bank into an emerging market fundraising scandal.

Andrew Pearse and Surjan Singh, former managing directors, and Detelina Subeva, a vice president in the global financing unit, face extradition to the U.S. after their arrest in London Jan. 3, according to prosecutors in Brooklyn. Manuel Chang, Mozambique’s ex-finance chief, was arrested Dec. 29 in South Africa and has said he’ll fight extradition.

The indictment alleges Credit Suisse’s bankers helped officials in one of the world’s ...

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