Credit Suisse fined $475m in three country agreements over Mozambique scandal

clock • 3 min read
Credit Suisse fined $475m in three country agreements over Mozambique scandal

Credit Suisse has agreed to pay a total of $475m in fines after reaching agreements with UK, US and Swiss authorities to resolve charges of "fraudulently misleading investors" and violating anticorruption law in the so-called "tuna bond" offerings in Mozambique. The Swiss-headquartered financial giant also forgive $200m of debt owed by Mozambique as part of the separate settlements with four regulators in three countries. Its agreements were with the US Department of Justice and Securit...

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