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Ex-Credit Suisse Banker Says Secret Affair Helped Fuel $45 Million Fraud

  • Pearse says VTB banker got $2 million kickback from Privinvest
  • Ex-banker says Mozambique bribe offer made at Riviera estate
A combination photograph shows Detelina Subeva, left, a former vice president in the global financing unit at Credit Suisse Group AG, and Andrew Pearse, right, former managing director at Credit Suisse Group AG, in London.
A combination photograph shows Detelina Subeva, left, a former vice president in the global financing unit at Credit Suisse Group AG, and Andrew Pearse, right, former managing director at Credit Suisse Group AG, in London.Photographer: Chris Ratcliffe/Bloomberg
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A former Credit Suisse Group AG banker told a federal jury in New York that his decision to take millions of dollars in bribes was fueled in part by his secret love affair with a subordinate.

Andrew Pearse, 49, admitted he got at least $45 million for his role in arranging $2 billion in loans to companies in Mozambique. He’s the U.S. government’s first witness in the trial of Jean Boustani, a Privinvest Group salesman who’s accused of defrauding U.S. investors.