Roundup Newswires

Editor Brian Harrod Provides Comprehensive up-to-date news coverage, with aggregated news from sources all over the world from the Roundup Newswires Network

Ex-Credit Suisse bankers arrested in $2bn fraud investigation

Posted on January 4, 2019 by Admin

Trio arrested in London on US charges as calls grow for debt claim against Mozambique to be dropped

Three former Credit Suisse bankers have been arrested in London on US charges of alleged involvement in a fraud involving $2bn (£1.6bn) in loans to state-owned companies in Mozambique.

Mozambique’s former finance minister, Manuel Chang, and a senior executive from the shipbuilder Privinvest Group, Jean Boustani, have also been arrested in South Africa and New York, respectively, in recent days.

Mozambique:FBI Investigating U.S.$2 Billion Secret Debt

Posted on November 13, 2017 by Admin

The U.S. Justice Department and Federal Bureau of Investigation are investigating the role of three banks in the $2 bn Mozambique secret debt, the Wall Street Journal reported . They are the Swiss bank, Credit Suisse, and the Russian Bank, VTB, which together organised the syndicated loans and bonds, the French Bank BNP Paribas, which was involved in the loan syndication.