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Ex-Banker’s Bromance Soured After He Got $5.7 Million in Bribes

  • Second ex-Credit Suisse banker testifies in Boustani’s trial
  • Privinvest executive charged in U.S. with defrauding investors
Andrew Pearse
Andrew PearseChris Ratcliffe/Bloomberg

A former Credit Suisse Group AG banker told a jury in New York that a shipbuilding executive who once called him a brother ended up threatening him when money from the bank stopped flowing.

Surjan Singh is one of three former Credit Suisse bankers who have pleaded guilty to taking millions of dollars in bribes from Privinvest Group executive Jean Boustani. Boustani, who’s accused of defrauding investors, denies wrongdoing.