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...

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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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