CREDIT SUISSE AND $2 BILLION MOZAMBIQUE FISHING SCANDAL

The Financial Times on 11th November reported that the bank has escaped criminal prosecution by the FCA over $2billion in, where loans to set up a state fishing fleet in Mozambique vanished – the so-called “tuna bonds” scandal.  Credit Suisse and Russian bank, VTB, are named, and it is said that the US DoJ is continuing a criminal investigation into their role and that of BNP Paribas.

https://www.ft.com/content/96877a04-e38b-11e8-8e70-5e22a430c1ad