Thursday, October 22, 2020

"Mozambique seeks prosecution of ex-Credit Suisse bankers implicated in debt scandal"

From Financial Crime Compliance Education (FCCED), October 21:

Mozambique’s Attorney General’s Office said on Wednesday it will seek the extradition of three former Credit Suisse CSGN.S bankers implicated in a $2 billion debt scandal that sent the country’s economy into crisis.

Andrew Pearse, Detelina Subeva and Surjan Singh, who helped arrange the loans to Mozambique, all pleaded guilty in the United States last year to charges including conspiracy to violate U.S. anti-bribery laws and to commit money laundering and securities fraud in relation to their role in the affair.

Lawyers for the three bankers did not immediately respond to requests for comment or could not immediately be reached.

Mozambique would now seek their extradition after the country’s Supreme Court granted approval for the Attorney General’s Office to do so, a representative of the AGO told Reuters via WhatsApp....


Also at FCCED:

October 22, 2020
Goldman Sachs agrees $3 billion settlement with US DoJ over 1MDB corruption scandal
October 22, 2020
UK regulators fine Goldman Sachs £97 million over 1MDB scandal
October 22, 2020
Hong Kong fines Goldman Sachs $350 million over 1MDB scandal
October 22, 2020
Australian court approves $920 million Westpac money laundering fine
October 21, 2020
UAE suspends licences of 200 law firms over anti-money laundering compliance 
October 20, 2020
Germany issues international arrest warrant for founders of law firm at the centre of Panama Papers