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Swiss prosecutors file charges against Credit Suisse and UBS over ‘tuna bonds' scandal
The Guardian· 2025-12-01 14:23
Switzerland’s federal prosecutor has filed charges against the failed bank Credit Suisse and its new owner, UBS, over the long-running “tuna bonds” loan scandal that crashed Mozambique’s economy nearly a decade ago.The Swiss attorney general said on Monday that it had brought money-laundering charges against an unnamed employee of Credit Suisse, but was also taking action against the lender and its rival-turned-owner UBS.The attorney general’s office accused the banks of “organisational deficiencies” that u ...