Anonymous ID: d2ff9f March 15, 2020, 10:17 p.m. No.8433790   🗄️.is đź”—kun   >>3803

>>8433762

Exclusive: U.S. prosecutors believe Credit Suisse is culpable in Mozambique scandal - sources

https://www.reuters.com/article/us-credit-suisse-gp-mozambique-exclusive/exclusive-u-s-prosecutors-believe-credit-suisse-is-culpable-in-mozambique-scandal-sources-idUSKBN2130E3

 

NEW YORK (Reuters) - U.S. prosecutors are investigating Credit Suisse Group AG’s (CSGN.S) role in a $2 billion Mozambique corruption case and believe they have evidence of the Swiss lender’s culpability after three former bankers pleaded guilty last year, according to two sources familiar with the matter.

Prosecutors believe Credit Suisse can be held criminally liable for its employees’ crimes if they were committed in the scope of their role and at least partly benefited the bank, said one of the sources who is a U.S. law enforcement official. They believe a plea deal and testimonies from two former bankers at a subsequent trial give them evidence of the bank’s culpability, the sources said.

Prosecutors from the Eastern District of New York contacted the bank in February and laid out their initial case against it, the second source said.

“Credit Suisse continues to cooperate with all investigating authorities,” a Credit Suisse spokesman said.

The prosecutor’s view on the bank’s culpability and the latest contact between prosecutors and the bank have not been previously reported.