Former Credit Suisse banker outlines fraud in Mozambique
Andrew Pearse, who pleaded guilty to conspiracy, testified that at least four other Credit Suisse bankers also took millions of dollars in bribes from shipbuilder Privinvest
17 October 2019 - 10:47
New York — Former Credit Suisse banker Andrew Pearse told a jury in Brooklyn, New York, that he pocketed at least $45m in illicit payments for his role in the arrangement of loans worth $2bn to companies in Mozambique.
Pearse, who had pleaded guilty to conspiracy, testified that at least four other Credit Suisse bankers also took millions of dollars in bribes from shipbuilder Privinvest Group...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.