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.