Three former Credit Suisse bankers were yesterday arrested in London on the grounds that they were involved in a $2bn fraud scheme involving state-owned companies in Mozambique.
Andrew Pearse, Surjan Singh and Deteline Subeva were charged in an indictment filed by a US District Court in New York court with conspiring to violate American anti-bribery laws and to commit money laundering and securities fraud.
The indictment stated that through a series of financial transactions between approximately 2013 and 2016, over $2bn was borrowed through loans guaranteed by the Mozambican government. It further claimed that over the course of the transactions, the co-conspirators acted to defraud investors.
The arrests came five days after the former Mozambique finance minister Manuel Chang was arrested in South Africa as part of the same criminal case.
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In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.
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In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
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