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Ex-Credit Suisse Banker Admits Kickbacks in Mozambique Scam

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A former Credit Suisse Group AG banker admitted taking millions of dollars in kickbacks as part of a scam that involved as much as $2 billion in loans to Mozambique state-owned companies. Andrew Pearse, 49, a former managing director, made the admission Friday as he pleaded guilty to wire fraud…

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Click here to read the full story: Bloomberg

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