U.S. Seeks Extradition of Ex-Credit Suisse Bankers Charged in $2 Billion Loan Fraud
- Trio of bankers arrested in London, face extradition to U.S.
- Case also involves charges against ex-Mozambique finance chief
This article is for subscribers only.
Three former Credit Suisse Group AG bankers were charged in New York with defrauding U.S. investors after helping arrange hidden loans to Mozambique, thrusting another global bank into an emerging market fundraising scandal.
Andrew Pearse and Surjan Singh, former managing directors, and Detelina Subeva, a vice president in the global financing unit, face extradition to the U.S. after their arrest in London on Thursday, according to prosecutors in Brooklyn, New York. Manuel Chang, Mozambique’s ex-finance chief, was arrested Dec. 29 in South Africa and has said he’ll fight extradition.