US seeks extradition of 3 ex-Credit Suisse bankers

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NEW YORK: Three former Credit Suisse Group AG bankers were charged here with defrauding US investors who helped provide more than US$2bil in loans to Mozambique, thrusting another global bank into a fund-raising scandal involving a developing nation.

Andrew Pearse, a former managing director at the bank, Surjan Singh, a managing director of its global financing group, and Detelina Subeva, a vice-president in that unit, were arrested in London on Thursday and face extradition to the US, according to prosecutors in Brooklyn here.