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Swiss prosecutors file charges against Credit Suisse and UBS over ‘tuna bonds’ scandal

01.12.2025 16:23 | The Guardian World

Banks accused of ‘organisational deficiencies’ relating to scam that crashed Mozambique economy nearly a decade agoBusiness live –latest updatesSwitzerland’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. Continue reading...

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