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Credit Suisse Banker Pleads Guilty in Mozambique Loan Scandal
international |
economics and finance |
news report
Monday July 22, 2019 23:08 by Kate Zeller - Jubilee USA Network
On Friday, former Credit Suisse banker Andrew Pearse pled guilty in US Federal Court for accepting millions of dollars in a fraud scheme that led to a $2 billion Mozambique loan scandal and debt crisis in the East African country. Washington DC - On Friday, former Credit Suisse banker Andrew Pearse pled guilty in US Federal Court for accepting millions of dollars in a fraud scheme that led to a $2 billion Mozambique loan scandal and debt crisis in the East African country. Pearse and six others are accused of taking $200 million in the scheme. |
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