AN EX-CREDIT SUISSE Group AG banker became the first person to plead guilty in what US prosecutors called a US$2 billion fraud and money-laundering scam tied to loans to Mozambique that were used to pay bribes and kickbacks.
Detelina Subeva, 37, a former vice-president in the bank’s global financing unit, pleaded guilty on Monday to one count of conspiracy to launder funds. The US agreed to drop three other conspiracy charges against Subeva, who’s one of three Credit Suisse bankers accused of working with Mozambique’s ex-finance minister in a secret kickback scheme.
To read the entire article, please click here.
Source: businesstimes.com.sg
intel reports
Weekly Security and Risk Report 07/05/2021
Issue 279 of MAST’s weekly maritime security report highlights the fatal terrorist attacks in Mozambique, demonstrating the severity of the civil unrest in the country.
May 7, 2021 No Comments
