At least two former Credit Suisse Group AG bankers will testify for the U.S. at a federal trial this week, describing their roles in what the Justice Department says was a $2 billion kickback scam in Mozambique.
Andrew Pearse, who headed the global financing group in the bank’s London office, will be one of the government’s first witnesses at the trial of Jean Boustani, a former executive at the ship builder Privinvest Group, defense lawyers said in a letter to the court Monday. Detelina Subeva, who worked for Pearse, will also testify for the U.S., according to a person with knowledge of the matter who asked not to be identified.
Boustani, a Lebanese national, is accused of procuring contracts to sell ships and related equipment to three Mozambican entities while secretly agreeing to pay $50 million in bribes to government officials and $12 million to conspirators at Privinvest.
This article has been summarised, the full original article can be found at bloomberg.com