 At least $200 million of the proceeds were used as bribes and kickbacks. | Three former Credit Suisse bankers have been charged by the United States over their role in a fraudulent loan scheme that prosecutors allege included at least $200 million in bribes and kickbacks. Andrew Pearse, Surjan Singh and Detelina Subeva have been indicted in New York for helping to arrange over $2 billion in loans that were guaranteed by the government of Mozambique. |  |
 Bildkombi Nyusi, Armando Guebuza, Manuel Chang | The arrests came five days after former Mozambique Finance Minister Manuel Chang was arrested in South Africa as part of the same criminal case. A fifth man, Jean Boustani, was arrested at New York’s John F. Kennedy Airport as he tried to flee. The state-owned companies missed more than $700m in loan payments after defaulting in 2016 and 2017. In a statement, Credit Suisse made clear that no action had been taken against the bank itself. |
