Region: Mozambique - Global Investigations Review

Credit Suisse subsidiary ordered to pay $22.6 million for defrauding investors

The parent company already agreed to pay $475 million under a deferred prosecution agreement involving bribery allegations in Mozambique.

22 July 2022

Mozambique appeals against decision to extradite ex-finance minister to US

11 November 2021

FCA details “extremely serious” Credit Suisse compliance failings

The Swiss bank ignored internal warnings that a so-called “master of the kickbacks” was involved in a lucrative fundraising project in Mozambique.

20 October 2021

Jean Boustani willing to testify via video link at Mozambique Tuna Bonds trial

09 September 2021

Mozambique Tuna Bonds criminal trial begins

24 August 2021

Rio Tinto and SEC spar over expert witnesses in Mozambique fraud case

The US securities regulator and Anglo-Australian mining company Rio Tinto are attempting to strike out each other’s expert witnesses ahead of a fraud trial linked to a Mozambique coal mine.

13 April 2021

SEC seeks appeal of Rio Tinto ruling before trial starts

30 March 2021

Swiss arbitration stalls Mozambique’s Tuna Bonds bribery claim against Privinvest

Mozambique’s UK lawsuit against Abu Dhabi shipbuilder Privinvest over alleged bribery linked to fishing boat contracts will not be heard until the conclusion of a related Swiss arbitration.

11 March 2021

Portugal’s BCP bank files tuna bond-linked claim against Mozambique

17 April 2020

Judge orders Credit Suisse to file defence in Tuna Bonds bribery lawsuit

Failing to compel Credit Suisse to submit its defence in a $2 billion bribery litigation would mean “months and months” of delay, London’s High Court heard.

14 January 2020