Ex-Credit Suisse Banker Lied in Mozambique Fraud Plea, Safa Says
- French-Lebanese billionaire Safa says allegations unfounded
- His company accused of bribes, kickbacks in $2 billion project
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A former Credit Suisse Group managing director lied when he pleaded guilty to fraud-related charges in the U.S., according to French-Lebanese billionaire Iskandar Safa who the plea implicated in a $2 billion-project scandal.
Andrew Pearse last month told a New York court that Safa, chief executive officer of Privinvest, knew about millions of dollars of kickbacks that the shipbuilder allegedly paid to supply the maritime multi-billion projects to Mozambique. The southeast African nation last month sued Safa in the U.K. following the guilty plea from Pearse, who left Credit Suisse in 2013 and started working for a Privinvest unit.