Now the Moçambique holt-affair> the Credit Suisse </strong but still. On Wednesday, the attorney General of the poverty-stricken Southeast African country has filed at London's High Court of Justice lawsuit against Credit Suisse, former employees and other parties.
According to its own information, want to the Moçambiquer, in particular, that you no longer have to stand for a bond in the amount of 622 million dollars, which has issued the Credit Suisse a couple of years ago. In addition, they require that the Bank involved in the repayment of a further loan of $ 535 million. By the action of a Eurobond to the value of $ 727 million is affected.
Overall, it is, therefore, loans to Mozambique in the amount of approximately $ 2 billion from the years 2013 and 2014. These were sometimes smuggled to the international donors in the past. The International monetary Fund (IMF) refused to Mozambique in consequence of any payments of money. The repayment of the loans is partially exposed.
Nelson Mandela the widow asks the Bank to waiver of
The Credit Suisse, which has yet to weigh in on the complaint of the speed, expressed in front of the Sunday newspaper for the first time. She has any guilt: “Credit Suisse is informed about the Comments of the attorney-General of Moçambique and notes that she was not involved in the above-mentioned Moçambique-Asset-Management transaction,” says spokesman Andreas Kern. In addition, the Bank had so far received no complaint. If you will be such a course, will reply, Credit Suisse in court to the fact, core.
The case of Mozambique, for the Credit Suisse image damaging, because the impoverished population of the country suffers from the limitations of the IMF . Numerous personalities have called on the Bank in an open letter, the money is not depreciated. Among the signatories Graça Machel, the widow of former South African President Nelson Mandela and the first President of Mozambique, Samora Machel.
Officially, the 2 billion, were meant, in Mozambique, a tuna fishing fleet to build up, to improve the infrastructure for the exploration and exploitation of gas fields, and to strengthen the coast guard. However, at least $ 200 million in the Form of hidden payments (so-called Kickbacks) went to corrupt officials. In addition, weapons were purchased.
The CS does not want to be affected by the case
has Now turned the U.S. Department of justice in the case. Three former Credit Suisse employees, stakeholders, investors and the former Minister of Finance of Mozambique, but not the Bank, have been charged with yourself. The beginning of the year, it came to spectacular arrests. To date, the Credit Suisse but to the position that it is not affected by the case. The defendant Ex-employee had circumvented internal controls, and to cooperate with the authorities.
now That Mozambique is suing Credit Suisse, the Bank is inconvenient. Because ten days ago, a US judge has approved applications of four of the pension funds from the United States against the Bank, their boss Tidjane Thiam and other managers. The Credit Suisse took place in 2016, two write-downs, which led to a loss. The Bank’s shares fell after the announcement of 11 per cent. However, the message went under a bit, because UBS was sentenced in France to a payment of 5.1 billion Swiss francs. The share price of both Swiss big banks is cases, also because of the expensive rights, for some time in the cellar.
(Sunday newspaper)
Created: 03.03.2019, 16:42 PM
