Credit Suisse will pay nearly 475 million USD to the US and UK authorities to settle lawsuits related to two bonds and a loan launched by the establishment on behalf of state-owned enterprises in Mozambique, the SEC authority said.
The deals in question, which together raised over $ 1 billion, were used to pay bribes even as they were presented to investors as a way to finance fisheries development. tuna in Mozambique, the SEC said in a statement.
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