Former Credit Suisse banker pleads guilty on Mozambique bribes | Financial Times:
A former Credit Suisse banker has pleaded guilty in the US over handling alleged kickbacks in Mozambique’s $2bn “tuna bond” scandal.
Detelina Subeva, a former vice-president at the Swiss bank’s global financing unit, entered the guilty plea on a charge of conspiracy to help launder money before a New York court on Monday.
Ms Subeva is one of three former Credit Suisse employees whom US prosecutors have indicted over an alleged scheme to loot at least $200m from loans that the bank helped arrange in 2013 for the southern African nation, one of the world’s poorest.
The prosecutors accused the trio of working with Mozambique’s former finance minister and a representative of Privinvest, an Abu Dhabi-based shipbuilder, to siphon bribes connected to the debt. The loans imploded not long after being sold on to global investors.
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