Legal

Credit Suisse to pay investors over $22 million for Mozambique tuna fraud

Credit Suisse made "numerous material misrepresentations and omissions" related to loan proceeds, kickbacks to employees, bribery risks for Mozambique officials and other issues, according to the US government.

Credit Suisse was involved in a massive tuna fraud scheme with Mozambique officials.
Credit Suisse was involved in a massive tuna fraud scheme with Mozambique officials.Photo: Dagens Næringsliv
Published 26 July 2022, 21:01Updated 26 July 2022, 22:46
Credit SuisseAfricaFraudUS Department of Justice