More arrests have been made over a fraud scheme involving $2 billion in loans to state-owned companies in the country five days after the arrest of Manuel Chang, Mozambique’s former finance minister.
The latest suspects arrested were three former Credit Suisse Group AG bankers and according to a spokesman for U.S. prosecutors, the three suspects were arrested in London on Thursday on U.S. charges that they were involved in the fraud,
The three suspects are: Andrew Pearse, 49; Surjan Singh, 44; and Detelina Subeva, 37. According to spokesman, John Marzulli, they were charged in an indictment in Brooklyn, New York federal court with conspiring to violate U.S. anti-bribery law and to commit money laundering and securities fraud. Menwhile, they have been released on bail in London while the United States seeks their extradition.
