Former Credit Suisse Vice President Detelina Subeva pleaded guilty in the United States for allegedly helping launder money in Mozambique's "tuna bond" scandal, reports FT.

Subeva is the first out of three other former Credit Suisse employees charged with looting at least $200 million (€179 million) out of the $2 billion (€1.79 billion) fraud scam tied to loans granted by the bank to Mozambique in 2013.

The alleged fraudulent loans were supposed to finance maritime projects and coastline protection.