A former Credit Suisse banker who is testifying in a New York trial over the alleged payment of kickbacks this week said that he and four ex-colleagues had accepted millions of dollars in illicit payments.
Andrew Pearse admitted to pocketing $45 million in illicit payments for his help in arranging a $2 billion loan to companies in Mozambique, according to «Bloomberg». He is testifying in a trial over a billion-dollar Mozambique tuna boat scheme.
Pearse told the court that he and four others took millions in bribes from Privinvest Group, a shipbuilder, and provided the bank with false information about the company.
Key Trial Witness
«Bloomberg» described the ex-Credit Suisse employee as a key witness in the trial of Jean Boustani, a Privinvest salesman. The prosecutor alleged that government officials, managers and bankers in total took about $200 million.
Pearse also claimed that Ndambi Guebuza, the son of the ex-president of Mozambique, had received at least $50 million in illegal payments.
