Credit Suisse faces criminal complaint over Mozambique loan scandal

Pedro Gonçalves
clock • 2 min read

A Swiss anti-corruption lobby group has lodged a criminal complaint against Credit Suisse over  undeclared loans to Mozambique. Credit Suisse was one of the lenders that helped arrange $2bn in government-guaranteed loans that tipped Mozambique into a debt crisis from which it is still struggling to recover.  Credit Suisse's UK subsidiary was involved in the case. However, Public Eye, a non-governmental organisation (NGO) headquartered in Switzerland, wants the Swiss Attorney General to probe whether the banking group carried out its responsibility of effectively supervising its subsid...

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