INTERNATIONAL - Three former Credit Suisse Group AG bankers were arrested in London on Thursday on US charges that they took part in a fraud scheme involving $2 billion (R28bn) in loans to state-owned companies in Mozambique, a spokesman for US prosecutors said.
Andrew Pearse, 49; Surjan Singh, 44; and Detelina Subeva, 37 were charged in an indictment in Brooklyn, New York federal court with conspiring to violate US anti-bribery law and to commit money laundering and securities fraud, according to spokesman John Marzulli. They have been released on bail in London while the United States seeks extradition.
The arrests came five days after former Mozambique Finance Minister Manuel Chang was arrested in South Africa as part of the same criminal case.
A fifth man, Jean Boustani, was arrested on Wednesday at New York’s John F. Kennedy Airport, Marzulli said. Boustani was a Lebanese citizen who worked for an Abu Dhabi-based contractor of the Mozambican companies, according to the indictment.
Lawyers for the defendants could not immediately be reached for comment after business hours in New York and London.