Ex-Credit Suisse Bankers Banned in UK for Tuna-Bond Scandal Role
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The UK’s financial sector regulator banned two former senior bankers at Credit Suisse Group, who pleaded guilty in the US to being part of bribery in the $2 billion bond fraud in Mozambique.
The Financial Conduct Authority banned Andrew Pearse, who admitted to wire fraud, money laundering and receiving kickbacks worth over $45 million for his role in arranging corrupt loans to Mozambique. The authority also banned Surjan Singh after he admitted charges of money laundering and accepting $5.7 million in unlawful payments.