Ex-Credit Suisse bankers charged with FCPA violations
Three former Credit Suisse bankers were charged in federal court in Brooklyn with bribery and fraud connected to Mozambique’s $2 billion “tuna bonds” scandal.
All three were arrested in London Thursday and released on bail.
Mozambique’s former finance minister, Manuel Chang, was also charged in the indictment. He was arrested Saturday in South Africa.
An executive of an Abu Dhabi-based marine projects company called Privinvest, Jean Boustani (aka Jean Boustany), was also charged. He was arrested at JFK airport in New York Wednesday and is being held.
The indictment was filed on December 19 in the U.S. District Court for the Eastern District of New York (Brooklyn). A partially redacted version (pdf) was posted on the court’s docket Thursday.
The defendants allegedly arranged $2 billion in loans to fund a state tuna fishery in Mozambique and hid some of the loans from the International Monetary Fund.
The FCPA Blog
http://www.fcpablog.com/blog/2019/1/4/ex-credit-suisse-bankers-charged-with-fcpa-violations.html