2 dicembre 2025|
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|3 days agoFormer Credit Suisse Employee Charged in Mozambique Debt Scandal
Swiss federal prosecutors have charged a former Credit Suisse employee with money laundering in a case involving over $2 billion in loans to Mozambican state companies, citing organizational failures at the bank.
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Generated IllustrationKey Takeaways
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- A former Credit Suisse employee has been charged with money laundering related to the Mozambique debt scandal.
- The scandal involves loans totaling over $2 billion granted to Mozambican state-owned companies in 2013.
- The accused employee recommended against filing a report with the Money Laundering Reporting Office Switzerland (MROS).
- Credit Suisse only reported suspected money laundering in 2019, three years after the suspicious transactions.
By The Numbers
$2 billion
Total Loan Value
$7.86 million
Suspicious Inflow
$7 million
Immediate Outflow
$609,000
Laundered Balance
They Said
"Obtained or favoured by criminal offences in Mozambique, in particular corruption in the form of bribery."
"Caused or allowed the remaining funds of suspected criminal origin to be moved abroad."