Detelina Subeva, one of three Credit Suisse bankers charged by US prosecutors in January for taking part in the Mozambique money laundering scheme, pleaded guilty to one count of money laundering conspiracy before US District Judge William Kuntz in Brooklyn, New York.
Tuesday 21, May 2019 BY MUZORIWA KUDAKWASHE
A former Credit Suisse Group banker has pleaded guilty to a US charge that she helped launder money from a kickback scheme involving $2 billion in loans to state-owned companies in Mozambique.
Subeva said that in 2013 her boss, Andrew Pearse, told her he had received a $1 million kickback in connection with a $372 million loan to a Mozambican state-owned company, adding that the kickback came from Abu Dhabi-based Privinvest.
Pearse, the former Head of Credit Suisse’s Global Financing Group and another former Credit Suisse banker, Surjan Singh are also charged in the case, the duo is fighting extradition to the US from the UK.
Seven people have been charged in the case, including former Privinvest Head Salesman Jean Boustani, who is in US custody and former Mozambique Finance Minister Manuel Chang, who is fighting extradition from South Africa, reported Reuters.