Ex-Credit Suisse Bankers Aided $2B Fraud In Africa: Feds

Law360 (January 3, 2019, 9:34 PM EST) -- Former Credit Suisse bankers, a Lebanese businessman and top officials in Mozambique participated in a scheme to siphon funds from more than $2 billion in government-backed loans for fraudulent projects in the African nation, according to an indictment unsealed Thursday in New York federal court.

Former bankers at Credit Suisse are among individuals who face Foreign Corrupt Practices Act and conspiracy charges alleging they took part in a $2 billion fraud in an African nation. (AP) Prosecutors allege the individuals, who face various Foreign Corrupt Practices Act and conspiracy charges, used three companies owned by the Mozambican government to obtain state-backed...

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Attached Documents



Case Information

Case Title

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Case Number

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New York Eastern

Nature of Suit

Date Filed

December 19, 2018

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