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NEWS: FCA bans former Credit Suisse bankers over Mozambique ‘tuna bonds’ scandal

Premium March 4, 2025

The UK’s FCA has banned two former Credit Suisse bankers after their convictions for taking bribes to arrange corrupt loans for Mozambique.

Picture of the Manchester criminals involved in drug trafficking and money laundering Premium

NEWS: Wigan drugs and money laundering gang jailed for over 40 years

Warning from UBS audit on bank's statements

LATEST: UBS auditor warns over bank’s financial reporting controls

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NEWS: Kuwait pension fund’s $1 billion corruption lawsuit begins in UK court

By PAUL O’DONOGHUE, Senior Correspondent

THE UK’s Financial Conduct Authority (FCA) has banned two former Credit Suisse bankers after their convictions for taking millions in bribes to arrange corrupt loans for Mozambique.

Andrew Pearse admitted to accepting over $45 million in kickbacks. The FCA barred him from the UK financial services industry for lacking integrity. Surjan Singh, who took $5.7 million in illicit payments, also received a ban.

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Picture of the Manchester criminals involved in drug trafficking and money laundering Premium

NEWS: Wigan drugs and money laundering gang jailed for over 40 years

Warning from UBS audit on bank's statements

LATEST: UBS auditor warns over bank’s financial reporting controls

 Premium

NEWS: Kuwait pension fund’s $1 billion corruption lawsuit begins in UK court

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