The prosecutors accuse the Swiss financial group of having violated the anti-corruption law вЂњForeign Corrupt Practices ActвЂќ, with which the US pursues allegations of bribery beyond its own national borders. In fact, according to the US Department of Justice, corrupt government officials of the Southeast African state were bribed with the money In addition, Credit Suisse investment bankers are said to have enriched themselves. Specifically, it is about state-guaranteed large loans and bonds, with which allegedly, among other things, a fishing project in Mozambique should be financed.

The authorities accuse the bank of being involved in a comprehensive bribery plot between 20. Credit Suisse said it was satisfied with the comparison. In addition, the bank regrets вЂњthat it was initially unable to ensure that all the relevant information was immediately available and thus fully made available to the supervisory authority.вЂќД¬redit Suisse also got rid of another legacy on Tuesday: the money house had accepted fines totaling around 475 million dollars (408 million euros) in the United States and Great Britain in a settlement, the US Department of Justice and the SEC announced on Tuesday in Washington. Credit Suisse does away with old legal casesД¬redit Suisse announced that it condemned вЂњall unjustified observationsвЂќ. However, Finma did not mention any names. In addition, a so-called enforcement procedure is to be initiated against three managers in order to examine their responsibilities in more detail. Credit Suisse has already taken organizational measures to prevent such scandals in the future, but Finma has вЂњordered additional measuresвЂќ. вЂњAs a result, Credit Suisse did not have an appropriate organization in the security area in accordance with the Swiss Banking Act,вЂќ concluded Finma.ДЄlthough the investigation is over, the affair is not over for the bank and the protagonists involved. The shading had been disguised, invoices for costs incurred were subsequently manipulated. вЂњIn most cases, the decision about the observation was made informally and without comprehensible reasons,вЂќ says the Finma announcement. The supervisors attested that the managers involved had major deficiencies in corporate management.

Moneyhouse skandal