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.
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Source: businesstimes.com.sg
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March 15, 2023 No Comments
