Mozambique: Ex-Credit Suisse Banker Testifies Against Boustani

Maputo — One of the bankers involved in the scandal of Mozambique's "hidden debts" admitted on Wednesday, in a New York court, that he took at least 45 million US dollars in illicit payments for his role in arranging the loans of over two billion dollars to three fraudulent, security-linked companies, which came close to ruining the Mozambican economy.

At the time of these bribes, the banker concerned, Andrew Pearse, worked for Credit Suisse, and helped arrange the loans.

...

AllAfrica publishes around 500 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.