Ex-Credit Suisse banker says secret affair helped fuel US$45m fraud

Pearse, 49, who had pleaded guilty to conspiracy, testified that at least four other Credit Suisse bankers also took millions of dollars in bribes from shipbuilder Privinvest Group

MANHATTAN: A former Credit Suisse Group AG banker told a federal jury in New York that his decision to take millions of dollars in bribes was fueled in part by his secret love affair with a subordinate.

Andrew Pearse, 49, admitted he got at least $45 million for his role in arranging $2 billion in loans to companies in Mozambique. He’s the U.S. government’s first witness in the trial of Jean Boustani, a Privinvest Group salesman who’s accused of defrauding U.S. investors.