Maputo — Surjan Singh, the third of the three former executives of Credit Suisse, charged by the US justice authorities in connection with the scandal of Mozambique's "hidden debts", has pleaded guilty to one count of conspiracy to commit money laundering, according to a report by the Portuguese news agency Lusa.
Singh appeared before the New York court dealing with the case last Friday. With this guilty plea, it seems that the prosecutors have dropped other charges of wire fraud and securities fraud. However, the full details of his plea bargain have not yet been made public.
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