The bank has accepted a settlement in the US and UK.
(Photo: Reuters)
Washington The Swiss bank Credit Suisse is paying dearly for alleged violations of the law in connection with a corruption affair in Mozambique. The money house has accepted fines totaling around 475 million dollars (408 million euros) in the United States and Great Britain in a settlement, the US Department of Justice and the SEC announced on Tuesday in Washington. Credit Suisse said it was satisfied with being able to draw a line under the proceedings.
The authorities accuse the bank of being involved in a comprehensive bribery plot between 2013 and 2016. Specifically, it is about state-guaranteed large loans and bonds, with which allegedly, among other things, a fishing project in Mozambique should be financed. In fact, according to the US Department of Justice, corrupt government officials of the Southeast African state were bribed with the money; In addition, Credit Suisse investment bankers are said to have enriched themselves.