{"id":7743,"date":"2021-10-22T16:56:27","date_gmt":"2021-10-22T16:56:27","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/?p=7743"},"modified":"2021-10-22T15:28:38","modified_gmt":"2021-10-22T15:28:38","slug":"mozambique-watchdog-wants-2-bln-debt-relief-from-guilty-credit-suisse","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-watchdog-wants-2-bln-debt-relief-from-guilty-credit-suisse","title":{"rendered":"Mozambique watchdog wants $2 bln debt relief from \u2018guilty\u2019 Credit Suisse"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>A Mozambique public finance watchdog is demanding an estimated $2 billion (CHF1.8 billion) in full debt relief from Credit Suisse, that is ten times more than what Swiss banking giant is willing to write off.<\/p>\n

\u201cCredit Suisse\u2019s admission of responsibility, failure to comply with the law (\u2026) and involvement of employees in bribery underscores the legitimacy of FMO\u2019s demand for full cancellation of the illegal debt,\u201d said the Budget Monitoring Forum (FMO), a coalition of civil society groups working on public finance accountability.<\/p>\n

The statement was made in response to a settlement reached by the Swiss bank with regulators in several countries over a corruption in Mozambique, Keystone-SDA news agency reported Thursday. There was no immediate comment from Credit Suisse.<\/p>\n

On Tuesday, under a settlement reached by US and UK authorities, Credit Suisse agreed to forgive $200 million in debt owed to the African nation.<\/p>\n

The charges related to the almost $1 billion in bond offerings and a syndicated loan which Credit Suisse helped to arrange between 2013 and 2016. The funds were destined to finance a state tuna fishing industry and to develop maritime security in Mozambique.<\/p>\n

US authorities found Credit Suisse of violating US bribery laws, Bloomberg reported on Tuesday. Much of the so-called \u201ctuna bonds\u201d were diverted via kickbacks to Credit Suisse and Mozambique officials, they said.<\/p>\n

In a separate case, the Swiss Financial Market Supervisory Authority FINMA said it had found \u201cserious organisational shortcomings\u201d in an inquiry into an espionage case at Credit Suisse which broke out two years ago.<\/p>\n

For More News And Analysis About Mozambique<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. A Mozambique public finance watchdog is demanding an estimated $2 billion (CHF1.8 billion) in full debt relief from Credit Suisse, that is ten times more than what Swiss banking giant is willing to write off. \u201cCredit Suisse\u2019s admission of responsibility, failure to comply with the law (\u2026) and involvement of employees in […]<\/p>\n","protected":false},"author":84,"featured_media":7742,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[233,281,283],"class_list":["post-7743","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nMozambique watchdog wants $2 bln debt relief from \u2018guilty\u2019 Credit Suisse - Mozambique<\/title>\n<meta name=\"description\" content=\"A Mozambique public finance watchdog is demanding an estimated $2 billion (CHF1.8 billion) in full debt relief from Cred ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-watchdog-wants-2-bln-debt-relief-from-guilty-credit-suisse\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mozambique watchdog wants $2 bln debt relief from \u2018guilty\u2019 Credit Suisse\" \/>\n<meta property=\"og:description\" content=\"A Mozambique public finance watchdog is demanding an estimated $2 billion (CHF1.8 billion) in full debt relief from Cred ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-watchdog-wants-2-bln-debt-relief-from-guilty-credit-suisse\" \/>\n<meta property=\"og:site_name\" content=\"Mozambique\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2021-10-22T16:56:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2021\/10\/img-6172d88d7279d.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"532\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-watchdog-wants-2-bln-debt-relief-from-guilty-credit-suisse#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-watchdog-wants-2-bln-debt-relief-from-guilty-credit-suisse\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Mozambique watchdog wants $2 bln debt relief from \u2018guilty\u2019 Credit Suisse\",\"datePublished\":\"2021-10-22T16:56:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-watchdog-wants-2-bln-debt-relief-from-guilty-credit-suisse\"},\"wordCount\":272,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-watchdog-wants-2-bln-debt-relief-from-guilty-credit-suisse#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2021\/10\/img-6172d88d7279d.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-watchdog-wants-2-bln-debt-relief-from-guilty-credit-suisse#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-watchdog-wants-2-bln-debt-relief-from-guilty-credit-suisse\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-watchdog-wants-2-bln-debt-relief-from-guilty-credit-suisse\",\"name\":\"Mozambique watchdog wants $2 bln debt relief from \u2018guilty\u2019 Credit Suisse - Mozambique\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-watchdog-wants-2-bln-debt-relief-from-guilty-credit-suisse#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-watchdog-wants-2-bln-debt-relief-from-guilty-credit-suisse#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2021\/10\/img-6172d88d7279d.jpg\",\"datePublished\":\"2021-10-22T16:56:27+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"A Mozambique public finance watchdog is demanding an estimated $2 billion (CHF1.8 billion) in full debt relief from Cred ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-watchdog-wants-2-bln-debt-relief-from-guilty-credit-suisse#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-watchdog-wants-2-bln-debt-relief-from-guilty-credit-suisse\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-watchdog-wants-2-bln-debt-relief-from-guilty-credit-suisse#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2021\/10\/img-6172d88d7279d.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2021\/10\/img-6172d88d7279d.jpg\",\"width\":800,\"height\":532,\"caption\":\"Mozambique watchdog wants $2 bln debt relief from \u2018guilty\u2019 Credit Suisse\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-watchdog-wants-2-bln-debt-relief-from-guilty-credit-suisse#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/mozambique\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Mozambique watchdog wants $2 bln debt relief from \u2018guilty\u2019 Credit Suisse\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#website\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/\",\"name\":\"Mozambique\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/mozambique\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Mozambique watchdog wants $2 bln debt relief from \u2018guilty\u2019 Credit Suisse - Mozambique","description":"A Mozambique public finance watchdog is demanding an estimated $2 billion (CHF1.8 billion) in full debt relief from Cred ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-watchdog-wants-2-bln-debt-relief-from-guilty-credit-suisse","og_locale":"en_US","og_type":"article","og_title":"Mozambique watchdog wants $2 bln debt relief from \u2018guilty\u2019 Credit Suisse","og_description":"A Mozambique public finance watchdog is demanding an estimated $2 billion (CHF1.8 billion) in full debt relief from Cred ...","og_url":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-watchdog-wants-2-bln-debt-relief-from-guilty-credit-suisse","og_site_name":"Mozambique","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2021-10-22T16:56:27+00:00","og_image":[{"width":800,"height":532,"url":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2021\/10\/img-6172d88d7279d.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-watchdog-wants-2-bln-debt-relief-from-guilty-credit-suisse#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-watchdog-wants-2-bln-debt-relief-from-guilty-credit-suisse"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Mozambique watchdog wants $2 bln debt relief from \u2018guilty\u2019 Credit Suisse","datePublished":"2021-10-22T16:56:27+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-watchdog-wants-2-bln-debt-relief-from-guilty-credit-suisse"},"wordCount":272,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-watchdog-wants-2-bln-debt-relief-from-guilty-credit-suisse#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2021\/10\/img-6172d88d7279d.jpg","keywords":["Africa Press","Africa Press-Mozambique","Mozambique"],"articleSection":["all news","economy","homepage-english","twitter"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-watchdog-wants-2-bln-debt-relief-from-guilty-credit-suisse#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-watchdog-wants-2-bln-debt-relief-from-guilty-credit-suisse","url":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-watchdog-wants-2-bln-debt-relief-from-guilty-credit-suisse","name":"Mozambique watchdog wants $2 bln debt relief from \u2018guilty\u2019 Credit Suisse - Mozambique","isPartOf":{"@id":"https:\/\/www.africa-press.net\/mozambique\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-watchdog-wants-2-bln-debt-relief-from-guilty-credit-suisse#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-watchdog-wants-2-bln-debt-relief-from-guilty-credit-suisse#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2021\/10\/img-6172d88d7279d.jpg","datePublished":"2021-10-22T16:56:27+00:00","author":{"@id":"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"A Mozambique public finance watchdog is demanding an estimated $2 billion (CHF1.8 billion) in full debt relief from Cred ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-watchdog-wants-2-bln-debt-relief-from-guilty-credit-suisse#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-watchdog-wants-2-bln-debt-relief-from-guilty-credit-suisse"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-watchdog-wants-2-bln-debt-relief-from-guilty-credit-suisse#primaryimage","url":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2021\/10\/img-6172d88d7279d.jpg","contentUrl":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2021\/10\/img-6172d88d7279d.jpg","width":800,"height":532,"caption":"Mozambique watchdog wants $2 bln debt relief from \u2018guilty\u2019 Credit Suisse"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-watchdog-wants-2-bln-debt-relief-from-guilty-credit-suisse#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/mozambique\/"},{"@type":"ListItem","position":2,"name":"Mozambique watchdog wants $2 bln debt relief from \u2018guilty\u2019 Credit Suisse"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/mozambique\/#website","url":"https:\/\/www.africa-press.net\/mozambique\/","name":"Mozambique","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/mozambique\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/posts\/7743","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/comments?post=7743"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/posts\/7743\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/media\/7742"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/media?parent=7743"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/categories?post=7743"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/tags?post=7743"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}