Credit Suisse sued by Mozambique in London courts over debt deals

Mozambique sued Credit Suisse AG in UK court this week over the bank's involvement in the $2bn "tuna bond" scandal. Credit Suisse was one of the lenders that helped to arrange $2bn (£1.5bn) of government-backed loans that pushed Mozambique into a debt crisis. Also named in the filing are three former Credit Suisse bankers, who have already been indicted in the US. The loans, taken out between 2013 and 2016, were marketed as investments in schemes including maritime security projects and a state tuna fishery. But a proportion of the money has not been accounted for and the allegations ...