Investment Banking

How a Credit Suisse banker helped fuel an alleged $2bn debt fraud in Mozambique

Andrew Pearse used the millions he was paid to travel with his mistress and start a business

How a Credit Suisse banker helped fuel an alleged $2bn debt fraud in Mozambique
Photo: Getty Images

Andrew Pearse said he negotiated his first bribe while sipping vodka at a hotel in Maputo, the capital of Mozambique, in February 2013.

His employer, Credit Suisse, was financing a $370m coastal security contract between Mozambique and Privinvest Group, a shipbuilder owned by Lebanese billionaire Iskandar Safa.

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