Left Menu
Development News Edition

Ex-Credit Suisse bankers arrested on U.S. charges over Mozambique loans


Three former Credit Suisse Group AG bankers were arrested in London on Thursday on U.S. charges that they took part in a $2 billion fraud scheme involving state-owned companies in Mozambique, a U.S. official said.

The arrests came five days after former Mozambique finance minister Manuel Chang was arrested in South Africa as part of the same criminal case, which was brought by federal prosecutors in New York. Those prosecutors will seek the defendants' extradition to the United States. (Reporting By Brendan Pierson in New York; Editing by Dan Grebler)

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


TRENDING

OPINION/BLOG/INTERVIEW

JNU Administration's 100-meter challenge before JNUSU

For the first time in its history, Jawaharlal Nehru University JNU Administration is seeking permanent deployment of local police to keep protesting students at 100 meters away from the Administrative Block. It would be interesting to see h...

Sentiment Analysis of Twitter users during COP25: Governments losing trust on Climate Action

Sentiment analysis of Twitter users during COP25 in Madrid, being held from December 2-13, shows widespread fear on climate change due to global warming but almost no trust on governments in meeting the emission targets. In the analysis the...

These innovators are making humanitarian response more efficient

These alarming trends prompt a call for the world to not only address the ongoing crisis but also to adopt innovative approaches to fulfill the growing humanitarian needs in such emergencies. ...

Hyderabad Encounter: A sentiment analysis of public mood on day of encounter

Sentiment analysis of twitter users revealed that they showered salutes on Hyderabad police for eliminating alleged gang rapists of the veterinary doctor but only a few believe in cops version of successive events leading to encounter....

Videos

Latest News

Blues' Steen returns after 16-game absence

St. Louis forward Alexander Steen returns to the lineup after a 16-game injury absence when the Blues host the Chicago Blackhawks on Saturday night. Steen suffered a high-ankle sprain in his left ankle during a collision with Alex Chiasson ...

Britain's Johnson vows to repay trust of opposition voters

Prime Minister Boris Johnson vowed Saturday to repay the trust of former opposition voters who gave his Conservatives a mandate to take Britain out of the European Union next month. Johnson toured a leftist bastion once represented by forme...

Army officer awarded for winning Ultraman India triathlon

Lieutenant Colonel Swaroop Singh Kuntal has been awarded the Chief of Army Staff Commendation Card by Army Chief General Bipin Rawat for winning Ultraman India 2019, sources said on Saturday.Kuntal was awarded the Commendation Card by Rawat...

Trump to go to Army-Navy football game for 2nd year in a row

For the second year in a row, President Donald Trump booked the annual Army-Navy football game on his schedule. Saturdays game in Philadelphia is the 120th meeting between the two service academies and holds a singular place on the sports c...

Give Feedback