Credit Suisse Resolves Fraudulent Mozambique Tuna Fish Loan Case, Pleads Guilty to Conspiracy to Commit Wire Fraud

Posted on 10/20/2021

Swiss banking giant Credit Suisse Group AG and Credit Suisse Securities (Europe) Limited (CSSEL), its subsidiary in the United Kingdom, have admitted to defrauding U.S. and international investors in the financing of an US$ 850 million loan for a tuna fishing project in Mozambique, and have been assessed more than US$ 547 million in penalties, […]

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