Credit Suisse Banker Guilty In Mozambique Loan Fraud

Law360, New York (May 20, 2019, 10:45 PM EDT) -- A former Credit Suisse financier pled guilty in Brooklyn federal court Monday to money laundering for her part in an alleged bribery and kickback scheme involving $2 billion in loans backed by the government of Mozambique.

In a deal with prosecutors, Detelina Subeva, a former vice president for Credit Suisse’s Global Financing Group, pled guilty to a single count of money laundering and not guilty to a count of wire fraud and two counts of conspiracy. She was released on $2 million in bond, secured with $500,000 in cash, and allowed to return to London under supervision until sentencing.

Subeva is...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Related

Sections

Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only

Court

New York Eastern

Nature of Suit

Date Filed

December 19, 2018

Law Firms

Companies

Government Agencies